Wheat: Shipments to the EU passed over 3.0 mmt
March 1, 2018 at 2:48 PM ,
Starry Night Ltd.
BULGARIA. Almost till the end of February, the Winter could be characterized as mild; temperatures reaching as high as 16 Celsius degrees and falling to as low as -15. Because of higher than usual temperatures during the previous months, crops did not enter their winter dormant stage of development. As a result, they were in a continuous, extended vegetation state, consuming the provided fertilizer. However, just in the end of February, snow fell all over the country. The thick cover will serve as a cushion, isolating crops from the expected low temperatures, since crops were advancing pretty quickly in their vegetation state of development. In some places, temperatures have already fallen to as low as - 20 Celsius degrees and without the recent deep snow, damages could be widespread. The thick snow cover will limit potential winterkills and will allow soil layers to slowly absorb additional moisture.
Wheat: the highest exports’ rate to EU markets recently
By the 23rd of the month, the country exported more than 3.0 mmt of wheat to the countries of the EU. Even though behemoth producers and exporters of wheat within the Black sea region have provided ample supply of the crop from early in the season, local exports have kept the momentum strong. The reasons behind the continuously spurred demand for locally grown wheat since early in the marketing year are competitive prices, the much better-quality characteristics of the crop from the recent harvest, and worse production results in some countries of the Union. For comparison, by that time last year, the country exported to the EU only 2,259,433 mt, which is by 33.30% lower than this year’s shipped quantities. Exports to the Union will continue to drain local stocks. According to the Agricultural Ministry, by the end of last week, the country had close to 1.5 mmt of remaining reserves.
|
Harvest 2017-18 (01.07.2017 - 23.02.2018) units in MT |
|
|
Beginning availability |
179,000 |
|
Aggregate output |
5,900,000 |
|
Imports |
53,952 |
|
Domestic consumption |
1,175,200 |
|
food |
645,000 |
|
feed |
328,000 |
|
seeds |
180,000 |
|
industrial usage |
22,200 |
|
Exports to the world |
3,469,010 |
|
to EU markets |
3,011,614 |
|
to rest of the world |
457,396 |
Source: Bulgarian Ministry of Agriculture
View related articles
