Bulgaria: Bulgaria Expects Record Wheat Crop
Bulgaria finished harvesting a bumper winter wheat crop and also expects strong corn and sunflower harvests. FAS Sofia increases its production estimates for wheat to 5.75 million metric tons (MMT), corn to 2.65 MMT, and sunflower to two MMT. Bulgarian wheat exports started earlier this year and to date, have achieved larger export volumes over 2016. Good harvest conditions and a strong euro are pressuring market prices downward. Big wheat yields are also creating logistical challenges, as on-farm, elevator, and port facilities are at full capacity due to abundant stocks. Bulgarian traders forecast record exports of grains and oilseeds this season.
