The price per unit of common wheat and spelt groats and meal in Bulgaria experienced a declining trend from 2011 to 2015, with the value dropping from 0.49 Euros/kg to 0.38 Euros/kg. The price stabilizes between 2015 and 2017, showing no change. However, there is a slight upward trend from 2018 to 2020, reaching 0.43 Euros/kg. This recent increase implies a return to higher value levels, possibly due to market adjustments or external factors impacting the commodity's cost structure.
Between 2019 and 2020, the price rose by approximately 4.9%, reflecting a recovery trend. Over the last five years analyzed, the compound annual growth rate (CAGR) indicates a modest increase, driven by the slight uptick in the last period.
Future trends to watch:
- Impact of global grain market dynamics, including supply chain disruptions or policy changes, on prices.
- Domestic agricultural production trends in Bulgaria, which could stabilize or lower prices if yields increase.
- Adaptation to climate change, which may influence crop yield and price volatility.
