Traders in Bulgaria are painting a gloomy picture. A large part of arrivals had to be processed into oil rather than into bakery kernels as too many losses would have been incurred from hulling. Agricultural media report that yields range as low as 1.8-2.6 mt/ha, whereas average yields ranged much higher at 2.67 mt/ha last year according to Coceral.
Refernce prices on the rise
Most suppliers are holding back with offers for the new crop. Reference prices range at EUR 715-720/mt DDP Germany for bakery kernels in Bu