Commodity & Trade Updates

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.

The FARM P3 pilot will directly benefit up to 4,000 smallholder farmers, providing them with new opportunities to strengthen production and market access.

With needs reaching 2.2 million tonnes, imports mainly from Asia and particularly India, have made it possible to satisfy consumers’ appetite.