Bulgaria harvested a lot of quality wheat this year — trader
Bulgaria harvested 7.1 million tons of high-quality wheat under ideal conditions, but farmers face low prices from oversupply, says trader Preslav Raikov. He noted that costly, less competitive ports in Varna and Burgas push buyers to Romania’s Constanta. Raikov urged farmers to lobby for infrastructure upgrades to boost exports.
Bulgaria has harvested a high harvest of high-quality wheat this year. Bulgarian vegetable oil and commodity trader Preslav Raikov told Latifundist.com.
“The wheat harvest was excellent — 7.1 million tons of high-quality grain under ideal weather and harvesting conditions. And yet farmers are complaining because prices are lower due to oversupply. They want high yields, high prices and high demand at the same time — which is unrealistic,” he says.
According to Raikov, another problem is the competitiveness of ports. Varna and Burgas are less developed than Constanta and have higher costs for services, such as phytosanitary control — 10 times more expensive than in Romania. This pushes buyers towards Romanian ports and reduces demand for Bulgarian grain.
“Farmers should lobby for infrastructure improvements, but, again, certain interests are holding back the development of the sector,” Raikov added.
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Source : Ukr Agro Consult
