Barley: Expect another consecutive drop in aggregate output
May 31, 2018 at 11:42 AM ,
Starry Night Ltd.
BULGARIA. On the international market, regional rivalry has always exerted strong market pressure, driving prices down. Exports skyrocket early in the marketing year while mass buying campaigns quickly deplete collected quantities from fields and then tail off in the subsequent months; after all, local quantities produced are relatively small when compared to those of other regional producers and exporters. According to the Ministry of Agriculture, barley is traded at 0.129 EUR/kg EXW while a year earlier at that time, the grain was sold for 0.140 EXW/kg EXW Bulgaria. Currently, market players are at the twilight of the current marketing season, looking forward to the dawn of harvest 2018-19. Yet, some do so optimistically while others grapple with anxieties about expected yields.
Barley: Not only man-made decisions stand between farmers’ hopes for success and fears of failure
The less one produces, the less one sells. Output from harvest 2016-17 was by 13.57% higher than that from the most recent one. Moreover, up-to-date total exports reached 311,828 mt while those of last year, by this time, amounted to 373,796 mt. According to local authorities, remaining stock amounts to the meager 14,943 mt.
|
Harvest 2017-18 (01.07.2017 - 25.05.2018) units in MT |
|
|
Beginning availability |
22,000 |
|
Aggregate output |
599,457 |
|
Imports |
5,314 |
|
Domestic consumption |
300,000 |
|
beer production |
68,500 |
|
feed |
201,500 |
|
seeds |
30,000 |
|
Exports to the world |
311,828 |
|
to EU markets |
259,432 |
|
to rest of the world |
52,396 |
Source: Bulgarian Ministry of Agriculture
For the upcoming harvest, farmers are expected to enter a smaller planted nationwide area. According to the Ministry of Agriculture, next month, farmers will have available for harvest land potential of 115,724 ha, which stands by close to 11% lower than available for harvest land during last year. Potentially, at this point of time, available acreages amount to that figure. However, farmers within the Southeast region of the country complained of fallen-through fields early in the month while their colleagues within the central South region expect a weaker harvest because of lack of favorable weather conditions such as necessary showers. Both factors, depending on the scale of their magnitude, could significantly cut the potential number. Soon the sky will clear for the results to appear!
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