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Bulgarian walnuts: short raw materials pushed prices higher

February 21, 2017 at 10:12 AM , Starry Night Ltd.
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Foreign buyers expected a further relief on the market, but local exporters seem not to fear lack of buyers. The latter keep the course firm: Prices are expected to increase!

 Timing one’s orders matters on the local market

SOFIA: During the last few weeks, those foreign buyers who bought locally could consider themselves lucky. Why? Entering the fourth week of the month, prices of different varieties of conventional and organic kernels are already traded higher. As if the seemingly untightening of the local market in the middle of the month was just a calm before the storm.

Local exporters even do not consider the USA and/or the Chilean harvests -- the latter expected to be stronger than that of last year -- as serious threats since good quality Eastern European kernel is becoming more difficult to find on the market.

Is the local market overpriced or is it just the fair consequence of short supplies in raw materials?

That is a time when buyers’ short-term strategies could fail their long-term ones, if they misread the pulse of the market in the realm of prices.

Foreign buyers see organic crops as priced too high to be competitive on the international market. Organic walnuts are almost exclusively sold locally. Yet, the conventional kernels are competitive, and local exporters ship orders to Spain, Portugal, Italy, Greece, Germany, and even Belgium, among other countries. Yet, whether the current price will be taken as fair will depend on international trends in other markets, as well.

One thing is certain, local sellers do not miss opportunities to sell to foreign clients, which in turn has an effect on prices.

Organic walnuts, Bulgaria

Type

EUR/kg

light kernels (mix)

8,25

light halves

8,90

light quarters

7,80

light brokens

6,80

amber kernels (mix)

7,29

amber halves

7,90

amber quarters

6,80

amber brokens

6,20

walnut paste

12,45

in shell

3,80-4,30

EXW Bulgaria
   

Walnuts, Bulgaria

Type

EUR/kg

light kernels (mix)

7,36

light halves

7,95

light quarters

6,95

light brokens

6,05

amber kernels (mix)

5,40

amber halves

5,40

amber quarters

5,40

amber brokens

5,40

walnut paste

11,80

in shell

2,00-2,20

EXW Bulgaria
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