Financial and business news from Bulgaria

Expert explained will the price of bread jump

About failure of grain harvest in Dobrudzha alarm producers. This cannot affect the price of bread, Kostadin Kostadinov, chairman of the National Association of Grain Producers, said in a television interview.
Because wheat is a stock commodity, yields in Bulgaria do not affect world exchanges, he added.

The average yield this year is 154 kg of 1 acres, the harvest in good last year ended with over 500 kg of 1 acre.

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Lack of snow and moisture are the reasons for low yield.

Bankruptcies are expected, Kostadinov alarms.

The hopes of the grain growers are the spring — corn and sunflower — to give good yields so that they can pay back both with seed and fertilizer companies, as well as with landowners.

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