Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News > News

Bulgarian grain trading has been slower than the previous season

18.11.2020 16:35 "Agro Perspectiva" (Kyiv) Following are selected highlights from a report issued by a U. S. Department of Agriculture attache in The Sofia (Bulgaria), on October 16, 2020, the Bulgarian Ministry of Agriculture (MinAg) reported the 2020 corn harvest at 91 percent complete with 2.5 million metric tons (MMT), a 15-percent decline from marketing year (MY) 2019/20. Although the reported area harvested was 26 percent higher, average yields were 29 percent lower from last year. Post revises down its estimates for the MY 2020/21 corn crop to 3.0 MMT. The fall 2020 winter grain planting season has been slow due to drought conditions. As of

October 15, wheat planting was 57 percent behind last year and barley planting by 50 percent behind.

Weather Overview

Warm and dry summer weather persisted during the first three weeks of September, the warmest on record since 1979. Despite the generally dry conditions, limited precipitation during the first five days of September and after October 5 reached 60–100 mm in northern Bulgaria, while southern regions received 40–70 mm. The dry weather assisted with fall harvest in September, although the October rains led to harvest delays. Although the dry weather delayed winter grain planting, soil moisture conditions improved in October (see Maps 1–3, Crop Explorer and Bulgaria data).

MY 2021/22 Forecast

While dry conditions during the fall have delayed winter grain planting, farmers are keen to increase the area planted for winter wheat and barley due to attractive prices. Despite their efforts, winter wheat and barley planting are 57 percent and 50 percent, respectively, behind last years pace. Although October rainfall supported winter crop development, sub-surface soil moisture remains low, especially in major production areas. Late planting and low soil moisture presuppose a negative impact on the yield potential.

MY 2020/21 Production Estimates

There are no changes in Post estimates for wheat and barley crops at 5.0 MMT and 570,000 MT, respectively.

Corn: According to MinAg, this years corn area planted reached 575,000 hectares (HA), a record high. Average yields to date are 4.86 MT/HA, 29 percent below last season. Summer heat and drought negatively affected the crop, especially in the major northeastern production region. Farmers in northcentral and northwestern Bulgaria reported higher yields, as these areas saw more rainfall than other regions. Private production estimates currently vary from 2.5 MMT to 3.0 MMT. According to Eurostat, Bulgarias corn crop is 2.82 MMT. The EU Crop Monitoring System estimates the average corn yield in Bulgaria at 5.0 MT/HA (MARS Bulletin #28, No 10, October 2020) which translates in production of 2.87 MMT. Currently, Post estimates the corn yield at 5.2 MT/HA and production at 3.0 MMT.

MY 2020/21 Trade Estimates

Bulgarian grain trading has been slower than the previous season. The fall drought and challenging planting, lower crop availability, and growing prices have made farmers reluctant to sell.

As per MinAgs weekly bulletins, late October milling wheat prices and corn prices increased by 16 percent and 19 percent, respectively, over late October in 2019.

MY 2019/20 Final Trade Data Wheat: According to Eurostat (Trade Data Monitor (TDM) based on Eurostat), wheat and product exports during MY 2019/20 were 5.11 MMT (in wheat equivalent), mostly to Spain, Greece, Portugal, Romania, South Korea, and Indonesia (Table 3). This marks a 21-percent increase in wheat exports

over MY 2018/19 (4.2 MMT).

Barley: According to Eurostat/TDM data, exports were 321,559 MMT mainly to Libya, Saudi Arabia, Greece, and Spain, a 59-percent increase over MY 2018/19 (202,000 MT).

Corn: The latest Eurostat/TDM data for corn exports in MY 2019/20 through July show 2.42 MMT, a 19-percent increase over the corresponding period in MY 2018/19 (2.04 MMT). Post maintains its forecast for corn exports in MY 2019/20 at 2.6 MMT.

Agricultural Policy

The summer-fall drought reduced average yields and overall declines in production and many farmers appealed for a state aid. Government officials allocated funds for domestic support for grain farmers under two programs, as follows:

- State aid for farmers suffering from natural disasters in 2020, budget of 5.0 million leva (2.55 million). The program supports farmers with 100 percent loss in yields due to drought, freeze, hail or frost. The compensation for grain farmers covers up to 20 percent of their losses.

Farmers who have no insurance will receive half of the due compensation.

- De minimis for summer dryness for farmers in select regions (Bourgas, Varna, Dobrich, Sliven, Silistra, Shoumen, Yambol). Eligible farmers are those who have over 30 percent decline in grain yields.

Agro Perspectiva

< Bosch and BASF establish joint venture for digital technologies in the agricultural sector All news for
18.11.2020
Decline of Ukraine's GDP slows to 3.5% in Q3, 2020 statistics >

13.01.2021  
17:25 China Demand and Global Supply Concerns Drive U.S. Soybean Price Higher
16:30 China Meat Consumption Expected to Rebound in 2021
10:50 Despite Grain Export Restrictions, Russia to Reclaim Top Wheat Export Position
31.12.2020  
16:37 2020 in review: Focus on staff well-being drives FAO forward
15:36 Sustainabilitys influence on chocolate purchase decisions continues to grow, Cargill study finds
13:35 Malaysia. Palm oil (CPO) production forecast - 19.6 million MT
28.12.2020  
15:09 Serbias total area wheat crop is estimated at 600,000 ha
14:10 India. Winter temperatures this coming December through February, along with precipitation will be critical
24.12.2020  
17:15 Make #NotWasting food a personal resolution
16:15 Two cases of HPAI on duck farms in France threatening the foie gras industry
22.12.2020  
21:25 Philip Morris files suit against Ukraine in intl investment arbitration due to AMCU penalty
21:00 FAO moves to scale up response to Fall Armyworm as pest continues to spread
17.12.2020  
17:15 Global Environment Facility approves over $78 million to support FAO-led projects
16:38 Desert Locust upsurge continues to threaten food security in Horn of Africa and Yemen despite intense efforts
11.12.2020  
15:55 India Tariff Cut Boosts Palm Oil Imports
13:31 Global Wheat Prices Supported by Record Global Imports
08.12.2020  
13:00 Jose Carlos Corral Montilla appointed to Managing Director of BTC Europe
12:10 Chile. Avocado exports will reach 145,000 MT, assuming planted area and productivity remain unchanged
07.12.2020  
15:30 Cargill, IFPEN and Axens collaborate to advance lactic-to-acrylic-acid technology
04.12.2020  
14:15 World 2020 cereal production forecast reduced further
13:50 FAO Food Price Index rises sharply
13:25 EBRD supports Ukrainian pet food producer Kormotech
03.12.2020  
16:10 Thailand: Rice export prices increased 1-3 percent
16:05 FAO and partners advocate for inclusive food systems to combat rural poverty
01.12.2020  
14:05 Draft state budget for 2021 submitted to Rada for consideration at second reading
30.11.2020  
15:10 Belgian Regains African Swine Fever-Free Status
29.11.2020  
01:20 HPAI Detected in Commercial Turkey Flock in Sweden
25.11.2020  
13:50 Poland has been the EUs largest turkey meat producer since 2017
12:01 Global 2020/21 Sugar Production is Estimated Higher United States, India, and Brazil Up 10 to 40 Percent
10:50 HPAI Detected in Commercial Flock in Denmark
23.11.2020  
17:10 FAO urges G20 to support farmers, protect the vulnerable and invest in innovation
18.11.2020  
17:00 Decline of Ukraine's GDP slows to 3.5% in Q3, 2020 statistics
16:35 Bulgarian grain trading has been slower than the previous season
12.11.2020  
12:21 Bosch and BASF establish joint venture for digital technologies in the agricultural sector
08:50 Lower Sunflower Seed Production in Ukraine and Russia Tightens Global Oilseed Supplies
10.11.2020  
17:00 Global almond production for 2020/21 is forecast 15 percent higher to 1.7 MMT
09.11.2020  
10:48 Despite a cut in world cereal production, this years forecast output remains an all-time high
08.11.2020  
14:50 Global food prices continue rising in October
05.11.2020  
12:15 BASF and TECNALIA accelerate R&D of new crop protection products through digitalization
03.11.2020  
17:00 Scrapie Identified in Sheep in Iceland
16:35 National budget receipts target met by 109.8% in Oct Treasury
28.10.2020  
17:00 European Bank for Reconstruction and Development and FAO approve COVID-19 technical support package
16:45 2020 EU milk deliveries will grow by one percent
27.10.2020  
16:41 Pork. Global productionisforecast 4 percent higher in 2021 due to rebounding output in countries affected by ASF
26.10.2020  
17:00 FAO and OIE kickstart global initiative to stop spread of deadly pig disease
16:50 KWS Group achieved an approximately 15% increase in net sales to 1.28 billion in fiscal 2019/2020
16:35 NBU keeps key policy rate at 6%
23.10.2020  
13:00 Cargill invests to promote circular economy with its first multi waste- and residues-based biodiesel plant
21.10.2020  
13:55 International prices of wheat and maize rose sharply in September but those of rice edged down
20.10.2020  
20:45 ACC insists on early adoption of law on govt bond issue for settlements with 'green' energy

Also available: 

Agrarian Week in digital



READ ON-LINE




NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2021 © Agrarika, ltd.
tel.: +380 44 4868119; +380 44 5934540
e-mail: client@agroperspectiva.com