Commodity & Trade Updates

Hungary, one of Europe’s leading producers of sunflower seeds, was selected for its strong agricultural base and rising demand for sustainable sourcing.

The surge is driven mainly by favorable weather conditions and an expanded olive harvest expected to hit 2 million tons, compared with 950,000 tons last year.

The government had aimed to buy between 4-5 million tons of wheat from local farmers during the 2024/25 season.

While corn is under pressure, Bulgaria’s wheat harvest has improved, rising an estimated 8.5%.

These developments occur against a backdrop of global challenges, including the United States imposing a 30% tariff on South African agricultural products.