The grain market under pressure: Record low prices, high costs, and crisis in Russia

Drought shrinks yields in Bulgaria, EU lowers sunflower forecasts, and Russia enters a systemic grain crisis – what next for the market? | Agri.BG

We continue to rely on the latest production and market data, which set the direction for emerging trends in grain trade. Here, farmers from across the country are reporting extremely low yields for spring crops. For sunflowers, yields are currently up to 50% lower compared to last year. For corn, the situation is even more dramatic – in many places, fields will be declared completely failed, and farmers are talking about yields of only between 100 and 150 kilograms per hectare. For the fourth consecutive year, drought and high temperatures are causing irreparable damage to farmers in Dobrudja, calling into question their physical survival. On the other hand, economic pressure on producers is also increasing. Farmers comment that fertilizer prices continue to rise, seeds are twice as expensive, and plant protection products will be higher compared to the previous year. The dire situation here is reflected within the EU. Thus, the company for current market information and ...