Bulgaria: Grain, Oilseeds Crisis Looms

Avatar for Matt Hopkins By Scott C. Lucas|3 August 2007

Due to record heat in July, corn and sunflower losses will be between 35% to 80%, depending on the area – Bulgarian meteorologists said that July 2007 was the hottest month in Bulgaria for the last 100 years.

The grain deficit is going to have a negative effect on all related industries and a notable social and economic impact. The first products which reacted to the grain prices were bread and beer, and they are likely to be followed by vegetable oils, dairy, and meat products.