Bulgarian Harvest Kicks Off
Bulgarian farmers have begun harvesting winter barley according to UkrAgroConsult. The earliest fields were cut in the middle of last week, and this week they will make serious advance if there is no serious precipitation, they added.
At the same time, the market has slipped a bit, mainly driven by the drop of the commodities on the international markets. Nominal buying interest is already 10 euros less than 10 days ago. But at these depressed levels we do not expect to see many excited sellers, they say.
Export prices at the moment are not motivating the farmers to sell – the production costs this year are quite high due to the high crop input prices and lower yields. It will be very difficult for them to start selling below production costs, they conclude.
At the same time, the market has slipped a bit, mainly driven by the drop of the commodities on the international markets. Nominal buying interest is already 10 euros less than 10 days ago. But at these depressed levels we do not expect to see many excited sellers, they say.
Export prices at the moment are not motivating the farmers to sell – the production costs this year are quite high due to the high crop input prices and lower yields. It will be very difficult for them to start selling below production costs, they conclude.