site.btaFood Market Is Stable, CEWMSC Chairman Says

The market for basic food products is stable and balanced, Vladimir Ivanov, Chairman of the Commodity Exchange and Wholesale Markets State Commission, said at a briefing in Pleven. Since February 1, the price of sugar has fallen by 5%, oil - by 3%. Beans and cheese have fallen by 2% and rice and flour by 1%, Ivanov said. He added that the price of eggs had risen, but only marginally - from BGN 0.33 to 0.34. Cheese has gone up by 4%, butter by 2% and yoghurt by 5%. The price of fresh milk and pork remained unchanged. Chicken is up 4%.

"We see a balanced picture and processes with moderate dynamics without external influences. Prices are an interaction between supply and demand. There are no external factors. The main component that moves the food market is bad weather. We will have less Bulgarian production, which may lead to a slightly higher level on an average basis in the supply of fruit and vegetables," Ivanov said.

According to him, the euro area is something that would only help Bulgaria be more adaptable in the common market, reduce transfer payment costs, and open more opportunities for entrepreneurs.