Rapeseed: Hungry for more

December 6, 2016 at 11:52 AM , Der AUDITOR
Play report as audio

SOFIA. The international hunger for Bulgarian rapeseed appears to be undiminished. But will the country be able to keep up with demand?

Optimistic outlook
Over the last few years the prices for rapeseed have generally increased. Rapeseed has consequently become quite a profitable investment for the farmers in Bulgaria. But what does the future hold? The latest estimates of the Bulgarian Ministry of Agriculture, which were published on 24 November, suggest that sowing acreage has increased by as much as 10% in comparison to last year, namely from 164,963 ha to 181,483 ha. Some farmers even expect acreage to reach as much as 200,000 ha this year since exports have increased significantly.

View related articles

Go to the News Overview
Oilseeds
Nov 13, 2024
SOFIA/KYIV. Disappointing yields and reduced availability of raw kernels are impacting the international sunflower seed market. Prices continue to rise. The current WASDE report offers only a few corrections.
Organic Commodities
Nov 12, 2024
ASUNCIÓN. As yields dropped to shockingly low levels for chia seeds in South America, the new season started off with a shock for the market. Silver lining is that things may change in December.
Nuts
Nov 11, 2024
NEW DELHI/BEIJING. The low prices in the Asian growing countries are putting pressure on the international peanut market; this is particularly noticeable in the South American origins. Weather conditions have now improved here.
Grains
Nov 8, 2024
BRUSSELS. Donald Trump’s imminent return to office as the 47th US president is sending shockwaves through the markets for grains and oilseeds. His proposed tariffs do not only spell bad news for US corn and US soybeans but also for EU rapeseed. Ukraine, Romania and Bulgaria are offering more competitive prices for wheat than Russia.