Bulgaria Faces Sunflower Crop Challenges as Sunflower Oil Prices Threaten to Rise

Bulgaria's sunflower crop is facing significant challenges this year, leading to potential spikes in sunflower oil prices due to a combination of weak harvests and difficulties in imports. Recent data from the Ministry of Agriculture indicates that while overall sunflower production has risen by 27.8% compared to last year, the yield has declined by 17.7%, with only 55% of the fields harvested as of September 5, 2024.

Currently, the average yield stands at a concerning 149 kg/ha, down from 181 kg/ha in the previous economic year. The adverse weather, particularly the dry summer, has heavily impacted farmers. Many had planned to invest in irrigation systems to mitigate the drought's effects, but they found themselves unable to do so and sought accountability for the situation.

The National Association of Grain Producers (NAGP) has criticized former deputy minister Tanya Dabnishka-Georgieva for her perceived incompetence and lack of action regarding the "Investments related to effective water management in agricultural holdings" program, which had a budget of 99.7 million leva.

As a result of the anticipated yield falling below 1.5 million tons, which is significantly less than the processing capacity of over 4 million tons per year, the prices of sunflower are beginning to show a slight increase. The Ministry of Health reports a year-on-year price rise of 6.9%, with the average purchase price reaching 822 leva/ton (excluding VAT) on September 4, 2024, compared to 769 leva/ton a year earlier.

Yani Yanev, chairman of the Association of Vegetable Oil Producers and Oilseed Processors in Bulgaria, highlighted that the success of Bulgarian sunflower sales is closely tied to international oil prices. The domestic sale of sunflower meal has been...