BULGARIAN GRAIN PRODUCERS FEAR BANKRUPTCY

Grain producers in Bulgaria may be bankrupt against the background of the current geopolitical situation. The yield in the country remains the same, but it is not known at what price grain will be sold in the current conditions.

Publication bourgas.ru quotes the words of the representative of the National Association of Grain Producers of Bulgaria Or Prodanov. According to the expert, many farmers may be bankrupt against the background of a significant excess of supply over demand.

According to the information provided, grain producers should harvest at least 6 million tons of wheat in 2022. This volume significantly exceeds the needs of Bulgarian residents. At the same time, the import of grain crops (in particular, barley and corn) from the territory of Ukraine continues.

According to Prodanov, the cost of Ukrainian grain is much less than that established in Bulgaria.

At the same time, some drugs used by Ukrainian farmers have long been banned by Bulgarian farmers. All this threatens that they will be forced to sell grain at a price below cost, which threatens losses and subsequent bankruptcy.

In mid-March 2022 edition standartnews.com published a note related to the increase in sunflower prices. In it, Prodanov also reported on the market turmoil due to the situation in Ukraine. Then the Bulgarian authorities suspended grain exports for several weeks to observe the situation in the country. Subsequently, exports were resumed, but logistics was hampered by cargo inspections and customs declarations.

Photo: Food photo created by aleksandarlittlewolf - ru.freepik.com