Wheat Is Becoming Cheaper On World Markets

Video: Wheat Is Becoming Cheaper On World Markets

Video: Wheat Is Becoming Cheaper On World Markets
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Wheat Is Becoming Cheaper On World Markets
Wheat Is Becoming Cheaper On World Markets
Anonim

On the world markets, wheat registered a decline of 5 percent, but domestic producers say that in our country it is possible to increase the price of cereals due to the rains.

The price of wheat last week reached $ 587 per bushel.

Depreciation on world markets is also observed for corn, as the decline it registered is by 3.3% - up to 448 dollars per bushel.

Soybeans, which have depreciated by 2.5% in the last week, are also cheaper.

On the other hand, coffee and sugar have risen by an average of 2% in recent days.

Kamut
Kamut

In our country, this reduction will not affect food products, as due to heavy rains much of the wheat crop has been destroyed.

A producer from Dobrich states that large areas of cereals have been destroyed due to torrential rains, which have not stopped for several months.

"We have a lot of applications and inspections in places. Only after we finish, we will be able to say what losses are in question. The truth is that there are affected by rainfall are spring - sunflower and corn, and autumn - wheat, canola and barley "- says Zia Khalil.

Dough
Dough

The director of the Dobrudzha Agricultural Institute, Associate Professor Dr. Ivan Kiryakov, confirms that there are crops this year due to the large amount of rainfall.

It is noteworthy that most of the varieties of the foreign selection did not lie down. The reasons are that the varieties of DZI and of the Bulgarian selection are more of a type than what is selected in Europe, where there is a wet spring and a wet summer,”said the expert.

Associate Professor Kiryakov believes that crops that are protected from disease will maintain their yield levels from last year, despite the rains.

In the Dobrich region, rains of 70 liters per square meter fell, and farmers have so far refused to predict whether the price of bread will change, saying that only after this year's harvest will be able to make assumptions about the price of subsistence.

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