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

Bulgaria and Argentina take new steps in their trade cooperation

Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the Chaco province to Bulgaria at the beginning of November . High-ranking officials from the..

published on 11/5/24 11:49 AM

Employers want the Supreme Administrative Court to freeze the minimum wage

Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...

published on 11/5/24 11:41 AM

Jesus Caballero grabs Manager of the Year Award for 2024

If the political crisis continues, the lost benefits will reach a threshold after which the Bulgarian business will begin to lose competitiveness due to growing deficits in education, healthcare, infrastructure, regional development and demographics...

published on 11/5/24 9:54 AM