October 12, 2012


Bulgaria expects 2012 corn crop to decline 27%


After yield cuts due to persistent hot and dry weather, Bulgaria anticipates its 2012 corn crop to drop by 27% to about 1.6 million tonnes from a year ago.


Farmers have harvested 88 % of the corn fields, collecting 1.48 million tonnes with the average yield at 3.8 tonnes per hectare, down from 5.4 tonnes a year ago, the agriculture ministry said on Thursday (Oct 11) in a written statement to Reuters.


The weaker crop would still allow for exports of about 600,000-800,000 tonnes, it said.


Sizzling temperatures and lack of rains have scorched corn crops across Eastern Europe, further reducing global supplies already hit after the worst drought in the US in 50 years.