market update No. 17-2023 Today the Bulgarian government will declare an import stop for Ukrainian sunflower seeds
We just heard that the Bulgarian government will declare import stop for Ukrainian sunflower seeds today. It will impact the raw material market. Our shipper Sadina withdrew all offers. The national import ban harms EU legislation; therefore, we do not believe in long-term regulation, but we will experience supply-side constrictions. Since last Saturday, Bulgarian farmers have drawn away from the market and looking for higher prices.