Text size

Economist: Grain prices will continue to drop

published on 4/19/23 3:45 PM

Георги Ангелов

Photo: Lora Turkoleva

"The farmers' problem is not related to imports from Ukraine, which are minimal - 0.3% of Bulgarian production. This is the opinion of Georgi Angelov, senior economist at the Open Society Institute. "When Ukrainian grain imports are stopped, it will become clear that this has no effect," he told BNR.

Mr. Angelov said the expected new harvest would further lower grain prices. The economist said the 2022 price had been artificially inflated on the world and Bulgarian markets. "Bulgaria produces between 6 and 7 million tonnes of grain and consumes only 1.5 million tonnes. We are a big exporter of grain and there is no way that the price in Bulgaria is higher than the world price," Angelov said.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Georgi Angelov grain Open Society Institute prices Ukraine

More from category

The Sumitomo Electric Bordnetze factoriy in Mezdra, Bulgaria.

Japanese cable factory moves production out of Bulgaria, citing high costs

Japan's Sumitomo Electric Bordnetze plans to cease operations at one of its factories in Bulgaria, located in Mezdra, by 2025. Its second factory in Karnobat will continue to operate at reduced capacity, BTA reported. The decision comes as the company..

published on 9/15/24 5:00 PM

Petko Nikolov, minister of economy, visits state dairy LB Bulgaricum.

State dairy company LB Bulgaricum starts modernisation of its plant in Vidin

State-owned dairy company LB Bulgaricum will start modernising its production facility in Vidin in September. The first step will be to renovate the refrigeration units and repave the alleys leading to the workshops and the car park in..

published on 9/15/24 9:05 AM

Minister of Innovation proposes that civil servants should be provided with loans by BDB

The Minister of Innovation and Growth, Rosen Karadimov, has not given up on the idea of the Bulgarian Development Bank (BDB) granting preferential loans to those working in the public sector. In an interview with BNT, he said that..

published on 9/14/24 2:36 PM

WEATHER

Pick city: Sofía

Overcast, rain
Min: 13 | Max: 17

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

New procedure under Recovery and Resilience Plan provides access to over BGN 1 billion for businesses

The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted...

published on 9/28/24 5:05 AM

Share