Sign in to comment!

Menu
Home

World

Bulgaria expects high revenues from the export of rose oil in 2014

Luxury perfume makers around the world can expect a bumper yield of rose oil from Bulgaria this year.

Distillery owner Filip Lissicharov says yields have recovered following a bad few years when production was laid low by unfavorable weather conditions. Rose oil is a key ingredient in luxury perfumes.

Lissicharov says prices are likely to be lower this year because of the high yield. Last year, rose oil prices edged up to 7,000 euros ($9,520) per kilogram.

Lissicharov's company, Enio Bonchev Production, runs the oldest rose oil extraction facility in the Balkan country.

Bulgaria produces 1,500 kilogram (3,300 pounds) of rose oil a year and is one of the world's largest exporters along with Turkey and Morocco. The main buyers are France, Germany, Switzerland, the United States, Japan and China.

See the latest updates on the hottest midterm races from Fox News

Full Elections Coverage →