Prices to rise in spring
Although the oil mills have started operating again in Ukraine and some traders in Bulgaria have stocked up in anticipation of higher prices, this has so far failed to lift market prices. Trading is simply too subdued. The market is rather firm.
Yet, this should change in spring at the latest as supplies will become more limited towards summer due to the production declines witnessed throughout the EU and Ukraine. Although Ukraine's Ministry of Agriculture is confident that attractive prices will prompt farmers to sow more oils