Too many ifs and buts
The drought in Eastern Europe is giving the crops in countries such as Bulgaria and Moldova a hard time. Problem is that although the plants are robust, they do need moisture to form seeds, especially in the current phase of development. Market players reckon that there may be much less kernels than shells as was the case last year, which would lead to heavy losses while processing.
By contrast, the European Commission has recently revised the monthly production estimates for Bulgaria upwards by 35,000 metric tonnes to 2.07 million metr