Grain and Feed Market in Bulgaria

Bulgaria remains an important player in the European grain market. Despite some weather-related challenges, the current harvest shows overall stable quantities. Wheat production remains at a high level, while the maize sector has seen declines in recent years. The sunflower sector remains significant for exports.

Production and Development Over the Last Three Years

Wheat production slightly recovered in 2024, while maize remains at a low level. The sunflower sector saw another slight decline after the sharp drop in 2023.

Bulgaria in the International Market

Wheat:

• Bulgaria accounts for approximately 1.2% of global wheat production.
• Within the EU, Bulgaria contributes around 5.6% to total wheat production.

Maize:

• Bulgaria's share of the global market is around 0.3%.
• Within the EU, Bulgaria accounts for only 2.1% of maize production.

Sunflower Seeds:

• Bulgaria is one of the largest producers within the EU, holding a 4.7% share of the global market.
• Within the EU, Bulgaria represents approximately 18.3% of total sunflower production.

Trade and Price Trends

Domestic feed grain prices remain stable, while the export market is influenced by geopolitical developments. Currency fluctuations and transportation costs play an increasingly important role. Traders are closely monitoring uncertainties surrounding exports to third countries.

Conclusion and Outlook

In the next three days, the following price movements are expected:

• Wheat: Stable with slight fluctuations due to international market developments.
• Maize: Still at a low level, a slight price increase is possible due to declining stocks.
• Sunflower: Stable to slightly rising, depending on global oilseed demand.

Future market developments will be heavily influenced by political decisions, global trade flows, and demand from China and the EU. Market participants should closely monitor transportation costs and exchange rate fluctuations.