Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

No significant rise in the price of sunflower oil to be expected

Photo: BGNES

The speculations of a rise in the price of sunflower oil in the coming months due to the poor harvest in the country will not come to pass, Vladimir Ivanov, chairman of the Commodity Exchange and Wholesale Markets State Commission said for the BNR. The European market is going to make up for any possible shortages, and even if there is a price rise it is not going to exceed 10%, experts say. There will be no significant rise in the price of sunflower oil as sunflower producers and processors have warned. The European and the world markets are balanced and prices have remained unchanged for over 6 months, Vladimir Ivanov said further, and added he expected no abrupt changes. “When there is less national production that is not a good thing. But the market does not tolerate any void. Naturally, we shall compensate for the high domestic price with the import price,” Vladimir Ivanov explained.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

More than 95% of the participants in the Bulgarian Wants You forum in London say they are considering returning to Bulgaria

95.4% of the people who went to the forum “Career and life – why in Bulgaria?”, held in London on 20 October, say they are considering returning to Bulgaria, indicate data from an online survey active during the event. The results are up by 10%..

published on 10/31/24 11:27 AM
Rositsa Mateva

Velichie party is 21 votes short of entering parliament, the Central Election Commission says

Velichie party is 21 votes short of clearing the electoral threshold for entering the new parliament, said Rositsa Mateva, chair of the Central Election Commission (CEC). Central Election Commission announces final distribution of seats in..

published on 10/31/24 11:01 AM

US sanctions 3 companies in Bulgaria for prohibited exports to Russia

Three Bulgarian companies have been sanctioned by the US for enabling the Russian military industry. According to the US Department of State and the Department of the Treasury, they shipped aviation components and other items used by Russia to..

published on 10/31/24 9:03 AM