/ world today news/ Purchase prices of tobacco this fall will be 10-15% higher than last year (then BGN 2.90-3.05 per kg burley) with a weaker but better quality current vintage, it says 24 hours.
This became clear at a conference of 60 tobacco producers, coordinators from North-Eastern Bulgaria, held in the village of Nova Cherna, Silistrensko, with the participation of at least two of the licensed purchasing companies.
The expectation was that there would be greater competition between them. “We anticipate a slight increase in prices by about 10%, as tobacco determines its own price, as long as producers pay attention to quality,” confirmed Tsvetan Filev, chairman of the National Association of Tobacco Producers.
The “Burley” varietal group is located exclusively in North-Eastern Bulgaria, in the cultivation of which nearly 10,000 people from a total of 240,000 tobacco producers in Bulgaria participate. The forecasts are for a yield of 250-290 kg/ha, which is 50 kg less since 2011 d. The expectations are similar for other varieties.
The production of “Basma” will be halved. There is growth in the “Virginia” variety, as it is on irrigated areas (7-8,000 tons). At the beginning of m. the buyout campaign should begin in November. In the next two weeks, Minister Miroslav Naydenov will be in Silistrensko for a meeting with tobacco producers, which will be the fourth time recently.
#purchase #price #tobacco #increase
**How will the projected 10-15% price increase impact the demand for different tobacco varieties, particularly in various global markets, and how might this influence Bulgarian production strategies in the coming years?**
## World Today News Exclusive: Tobacco Price Hikes and the Future of the “Burley” Variety
**Introduction**
Welcome to World Today News. Today, we have a panel of experts joining us to discuss the intriguing developments in the Bulgarian tobacco market. With purchase prices set to rise by 10-15% this fall and production yields fluctuating, there’s a lot to unpack. Let’s dive into the complexities of the situation with our esteemed guests, Tsvetan Filev, Chairman of the National Association of Tobacco Producers, and Ivan Ivanov, a veteran tobacco farmer from Northeastern Bulgaria. Welcome to both of you.
**Section 1: Price Trends and Market Dynamics**
**Interviewer:** Mr. Filev, the article mentions a projected 10-15% increase in tobacco purchase prices. Could you expand on the factors driving this upward trend? Is it solely supply and demand, or are there other contributing elements?
**Mr. Filev:**
**Interviewer:** Mr. Ivanov, from your perspective as a farmer, how do these projected price increases impact your production strategies and overall outlook for the season?
**Mr. Ivanov:**
**Interviewer:** While the article notes increased competition among purchasing companies, are there concerns that smaller farmers might be squeezed out due to the price hikes?
**Mr. Filev:**
**Mr. Ivanov:**
**Section 2: The “Burley” Varietal and Regional Impact**
**Interviewer:** “Burley” tobacco is predominantly cultivated in Northeastern Bulgaria. Mr. Ivanov, can you describe the unique characteristics of this region that make it ideal for “Burley” cultivation, and what are the implications of the lower yield projections for the local economy?
**Mr. Ivanov:**
**Interviewer:** Mr. Filev, considering the forecasts of reduced “Burley” yield this year, are there plans in place to support affected farmers and mitigate the economic impact?
**Mr. Filev:**
**Section 3: Looking Ahead: Sustainability and Future of Tobacco Production**
**Interviewer:** The article mentions that “Basma” production will be halved while ”Virginia” sees growth. What does this shift in production priorities reveal about the evolving tobacco market in Bulgaria?
**Mr. Filev:**
**Interviewer:** With changing consumer habits and increased health awareness, how can the Bulgarian tobacco industry adapt to ensure its long-term sustainability?
**Mr. Ivanov:**
**Mr. Filev:**
**Conclusion:**
Thank you, Mr. Filev and Mr. Ivanov, for sharing your insights on this complex and important topic. The future of the Bulgarian tobacco industry depends on a delicate balance of market forces, regional cultivation practices, and adaptability to evolving consumer demands. As we move forward,
World Today News will continue to follow and report on these developments.
