Brassica

Bulgarian Agriculture Minister Kiril Vatev engaged in an online discussion with Ukrainian counterpart Mykola Solsky, focusing on violations in the export licensing system for key crops like sunflower, rapeseed, maize, and wheat. Vatev highlighted concerns over attempts to bypass licensing requirements through specific imports, vowing that corrective action is necessary.

Turkey plans to lease farmlands in several counties in Africa and Latin America to grow crops to boost agricultural production amid growing global concerns over food security.

Authorities have been exploring such opportunities in 10 nations, besides Venezuela and Sudan.

Agriculture and Forestry Minister Vahit Kirişçi recently discussed this plan with a group of lawmakers.

Indonesia's decision to suspend palm oil exports in the face of domestic shortages has pushed vegetable oil prices to new highs, further tightening a market already on edge due to the war in Ukraine and global warming.

With the beginning of the summer season, canola fields spread across an area of 118,000 decares in the northwestern province of Tekirdağ have turned into vibrant hues of yellow with the blooming of flowers.

Canola is a crop with plants from 1 to 1.5 meters tall that produce pods from which seeds are harvested and crushed to release canola oil.

The final rapeseed crop figures published by the Ag Ministry of Bulgaria were left unchanged from their preliminary level. As a reminder, the 2017/18 total rapeseed crop amounted to 479 KMT that is down almost 6% from the previous year. The harvested area was the smallest in four years, at 160.7 Th ha, while yield was the highest on record in Bulgaria, at 2.98 MT/ha.

Sunseed prices in the Bulgarian market traditionally lowered ahead of the start of the new season, reaching BGN 563/MT (USD 335/MT). The start of sunseed harvesting and the first optimistic yield figures became the main bearish factor, reports UkrAgroConsult.

 In the Bulgarian oilseed market, the price indicators in the national currency remained at last week's level. However, a decline happened because of a weakening Bulgarian lev. The sunseed market looks more flat at the end of the season. Sunseed price closed the week unchanged at BGN 609/MT that is equivalent to USD 353/MT.