We believe that strong, sustained demand for sunflower out of Bulgaria this season means that within the next three to four months, there will be no unsold volumes left in the market. This is pretty much a repeat of the situation in May/June last year.
We have started to receive a growing number of enquiries already from clients who are struggling to secure further quantities
This crop is 400.000 Tons shorter than last year! So, if like last year the situation is repeated, it may be much harder in the face a smaller crop.
Production/Hulling capacities haven’t increased in general within Bulgaria.
Alternative origins, such as Ukraine, are principally dedicated to crushing/inshell, as opposed to hulling. Plus, Ukraine has recently And the big crops of sunflowers in Ukraine and Russia will only find their way into the oil industry, no single kilogram is for hulling. Beside that, Ukraine has built up a new tax for exporting sunflowers, so their volume will stay in their country for crushing.
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