Market updates on oilseeds and vegetable oils with up-to-date price trends
Oilseeds
Aug 5, 2021

Sesame seeds: price hike continues

NEW DELHI. Trading has revived in the sesame seed marekt as a new tender is expected anytime soon. Covid-19 restrictions have also been eased in India. This certainly has an impact on prices.
Oilseeds
Aug 5, 2021

Flaxseed: heat reduces yields

NUR-SULTAN/OTTAWA. Flaxseed farmers are confronted with persistenly high temperatures exceeding 40C (104F) in Eastern Europe and in Canada. As the heat causes the pods to hold less seeds, yields will range much lower than anticipated. Pests are also an issue.
Oilseeds
Aug 4, 2021

Sunflower seeds: conflicting reports over new crop

SOFIA/CHISINAU. Reports over the state of the sunflower seed crop are conflicting. While some suppliers reckon that the crop is developing well, others state that the crop is “on fire” in Bulgaria, Romania and in Russia. Heat is also an issue in Moldova. Fact is that the weather is extremely hot, and that rain is urgently required.
Oilseeds
Aug 4, 2021

Blue poppy seeds: disagreement over prices

CHRUDIM. Attention is now on the new poppy seed crop in the Czech Republic. Opinions, however, differ as to what way prices will turn at the start of the new season. Issue is that the market is witnessing the latest start to the harvest in ten years.
Oilseeds
Aug 2, 2021

Pumpkin seeds: encouraging prospects for new crop

BEJING. Harvesting will start in August and there is no need for concern in China. That is if the current weather conditions prevail. Buyers, however, prefer to wait for the new pumpkin seed crop.
Oilseeds
Jul 30, 2021

Sesame seeds: quality is an issue

NEW DELHI. Upcountry demand is on the rise for sesame seeds in India. Supplies are running low over quality issues. Suppliers, however, reckon that they will stand a chance when South Korea issues a new tender soon.
Oilseeds
Jul 29, 2021

Blue poppy seeds: harvest is about to start

CHRUDIM/BUDAPEST. The Czech Republic's poppy seed harvest is about to begin. In Hungary, the process has already been completed. Meanwhile, prices for the old and the new crop are converging.
Oilseeds
Jul 28, 2021

Flaxseed: experts reduce estimates for Kazakhstan

NUR-SULTAN. Due to the ongoing drought, experts have significantly reduced their estimates for the new the flaxseed crop. The Kazakh Grain Union (KGU) reckons a significantly lower acreage. Meanwhile, buyers and sellers can hardly agree on a common trade price.
Oilseeds
Jul 28, 2021

Sunflower seeds: bumper crops are possible

SOFIA/KIEV. Quite unlike last year, the prospects for sunflower seeds are still highly encouraging in many producing countries. Market players in Bulgaria are reckoning with lower prices at the turn of the season. China is shipping large volumes into the EU.
Oilseeds
Jul 26, 2021

Pumpkin seeds: export demand remains absent

BEIJING. In the Chinese pumpkin seed market, the decline in acreage meets exorbitantly high freight rates. Buyers from overseas are correspondingly cautious. Meanwhile, exporters disagree about further price developments.
Oilseeds
Jul 22, 2021

Sunflower seeds: heated debates over Russia

SOFIA. In how far Russia will able to hold on to the export duties of 50% is a matter of heated debate at present. Although local reports issued in Ukraine state that production will range lower than anticipated in Russia, a rise is still expected on last year. Imports to the EU have plummeted in the first half of July.
Oilseeds
Jul 22, 2021

Flaxseed: Canada gains market shares on Russia and Kazakhstan

OTTAWA/NUR-SULTAN. Heat and drought persist in Canada. Fortunately, flaxseed is more resistant than other agricultural commodities in dealing with these extreme weather conditions. Recent import data in Germany shows that Canada is gaining in Europe.
Oilseeds
Jul 21, 2021

Pumpkin seeds: suppliers need to be patient

BEIJING. Pumpkin seed suppliers in China need to be patient. Issue is that most customers are on holiday. Prices have, nevertheless, changed.
Oilseeds
Jul 21, 2021

Sesame seeds: sowing 17% down on last year

NEW DELHI. Farmers in India are busy sowing sesame seeds for the kharif crop. Recently issued data by the Directorate of Oilseeds Development in Hyderabad has, however, confirmed concerns. Buyers in Germany have turned to alternative sources as newly issued import data shows.
Oilseeds
Jul 19, 2021

Blue poppy seeds: encouraging outlook comes with a big but

CHRUDIM. The new season is just around the corner, especially since harvesting of small volumes of some poppy seed varieties has already started in the Czech Republic. The outlook may be highly encouraging at present, but the blue poppy seed harvest will certainly be delayed. This also has an impact on prices.
Oilseeds
Jul 15, 2021

Flaxseed: drought threatens global crops

NUR-SULTAN/OTTAWA. At present, it is becoming apparent that the flaxseed crop in Canada will suffer a fate similar to that of the growing regions in Kazakhstan and Russia. The persistent drought is a huge problem and the sporadic rainfall cannot counteract.
Oilseeds
Jul 14, 2021

Blue poppy seeds: Hungarian traders could hold back offers

BUDAPEST/CHRUDIM. Hungarian market players expect a crop of good quality this year, but the prospect of a good crop in the Czech Republic and declining prices could reduce exporters' willingness to sell.
Oilseeds
Jul 14, 2021

Sunflower seeds: crop prospects allow for "moderate optimism"

SOFIA/CHISINAU. The US Department of Agriculture has increased its forecast for the global sunflower seed crop in 2021 and market players in Bulgaria and Moldova are also satisfied with current developments.
Oilseeds
Jul 12, 2021

Pumpkin seeds: focus is on the 2021 crop

BEIJING. Market players are focusing on this year's pumpkin seed crop in China, while freight costs are holding at a high level and traders are expecting further increases.
Oilseeds
Jul 8, 2021

Flaxseed: Canada increases cultivation forecast for 2021

OTTAWA/NUR-SULTAN. StatCan has increased its forecast for Canadian flaxseed production in 2021, with acreage expected to be about 10% larger than last year.
Oilseeds
Jul 8, 2021

Sunflower seeds: rainfall concerns farmers in Moldova

CHISINAU/SOFIA. Moldova's sunflower seed farmers are worried about continued rainfall in the growing regions. Fears are high that this year's crops will be smaller due to too much moisture, after last year's drought caused a large deficit.
Oilseeds
Jul 8, 2021

Sesame seeds: sowing delayed in India

NEW DELHI. Adverse weather conditions have delayed sowing in Gujarat, India's production hotspot for sesame seeds. Market players are still waiting for demand in Europe to revive again after last year's ethylene oxide scandal prompted a temporary suspension of shipments. The global lack of containers also has an impact on prices in the export market.
Oilseeds
Jul 7, 2021

Blue poppy seeds: acreage in the Czech Republic larger than expected

CHRUDIM. Until now, market players had reckoned that poppy seed sowing in the Czech Republic should be comparable to last year. In fact, the Czech Statistical Office even confirmed an increase in cultivation of around 9%.
Oilseeds
Jul 6, 2021

Pumpkin seeds: the unstoppable rise in freight rates

BEIJING. During the summer months, spot purchases in the Chinese pumpkin seed market are rather rare, and the seemingly unstoppable rise in freight costs in recent months also makes exports from China less lucrative for foreign buyers.
Oilseeds
Jul 1, 2021

Sesame seeds: no price increase due to high supply

NEW DELHI. In India, farmers have started sowing for the main crop in autumn. Although the government has increased the minimum support price for this season, some producers may switch to more profitable agricultural commodities such as peanuts or cotton.
Oilseeds
Jul 1, 2021

Sunflower seeds: corrected crop estimates for 2021

SOFIA. According to official statistics, the EU imported around 875,000 mt of sunflower seeds from third countries in the 2020/2021 season, significantly less than the year before. Meanwhile, Bulgarian market players are confident about the new crop, even though farmers are still shying away from risk.
Oilseeds
Jul 1, 2021

Flaxseed: plants are in poor condition

NUR-SULTAN/MOSCOW. Due to the ongoing heat wave and lack of rainfall in Eastern Europe, the flaxseed crops are in very poor condition. Meanwhile, exports to China are at a standstill.
Pulses
Jun 30, 2021

Peanuts: China expects significant increase in production

BEIJING/NEW DELHI. While China is expecting a higher crop than last year due to its expanded acreage, the omens in India are quite different. Here, hopes are pinned on peanut oil exports.
Oilseeds
Jun 30, 2021

Blue poppy seeds: Turkey starts the new season with high prices

ANKARA/CHRUDIM. In Turkey, the poppy seed crop is available earlier than in other growing countries; the Czech crop is expected to be available only from September. However, there are reports from Turkey that the prevailing drought might have significantly reduced the yield of this year's crop.
Oilseeds
Jun 28, 2021

Pumpkin seeds: freight costs rise to USD 7,500

BEIJING. This season's lower crop prospects are preventing prices in the Chinese pumpkin seed market from declining. At the same time, it is impossible to predict when freight costs will peak; for the time being, the trend continues upwards.
Oilseeds
Jun 24, 2021

Flaxseed: possible delivery delays until early 2022

NUR-SULTAN.There are rumours in the flaxseed market that deliveries from Kazakhstan to the EU could be delayed until 2022. Meanwhile, the long-awaited rainfall provided some relief after the long hot spell.
Oilseeds
Jun 24, 2021

Sunflower seeds: high precipitation might become a problem

SOFIA/KIEV. Continuing rainfall in the Bulgarian growing reagions has market players worried about the development the new crop. Producers are already complaining that the rainfall rate is too high.
Oilseeds
Jun 22, 2021

Blue poppy seeds: possible yield losses due to lack of rainfall

CHRUDIM. Czech market players are showing concern about this year's poppy seed crop. Flowering is reportedly delayed, while cultivation estimates are not expected to be confirmed by officials until early July.
Oilseeds
Jun 21, 2021

Pumpkin seeds: cultivation deficit lower than expected

BEIJING. The cultivation forecast for the Chinese pumpkin seed crop 2021 had initially been significantly below last year's level. Now, market players have some encouraging news.
Pulses
Jun 21, 2021

Peanuts: snow in Argentina

BUENOS AIRES. Snow in Córdoba has taken Argentina's peanut farmers by surprise. This is the first time snow has been witnessed in 14 years. Although harvesting has mainly been completed in the areas impacted, quality is a concern. Issue is that kernels with a high moisture content may have been damaged. This is, however, not the only problem.
Oilseeds
Jun 18, 2021

Sesame seeds: higher cultivation potential due to adjusted minimum prices

NEW DELHI. Indian sesame seed traders were able to win a large share of the South Korean sesame tender this week, while exports to Europe are only slowly increasing. The summer crop, meanwhile, is expected to yield a promising result.
Oilseeds
Jun 17, 2021

Flaxseed: Kazakhstan and Russia are longing for rain

NUR-SULTAN/OTTAWA. In the growing regions of Kazakhstan and Russia, heat and drought are affecting the plants. Meanwhile, Canadian flaxseed is increasingly gaining ground in the European market.
Oilseeds
Jun 17, 2021

Blue poppy seeds: significant price reductions expected for the new season

CHRUDIM. The outlook for the Czech poppy seed crop in 2021 remains optimistic, but prices for prompt shipments are still at high levels. Meanwhile, Germany has reduced its import volume by more than 10% since the start of the season.
Oilseeds
Jun 16, 2021

Sunflower seeds: little optimism despite promising forecasts

SOFIA/KIEV. A record acreage in Ukraine and favourable weather conditions are boosting yield forecasts for the coming season. Bulgarian sunflower seed traders, however, remain cautious and shy away from taking risks.
Oilseeds
Jun 16, 2021

Mustard seeds: Canada reduces cultivation forecast by 10%

OTTAWA/MOSCOW. Canada is by far one of the most important mustard seed suppliers for the EU. However, high prices and lower availability have led to declining imports into the EU. Now, contrary to previous expectations, the Canadian authorities have also significantly reduced the cultivation forecast for 2021.
Oilseeds
Jun 16, 2021

Pumpkin seeds: market shows low trading activity

BEIJING. There is hardly any trade on the Chinese pumpkin seed market, but this is not unusual for the summer months. Traders are hoping for higher domestic demand in July.
Oilseeds
Jun 11, 2021

Blue poppy seeds: Czech exports up by almost 50% in April

CHRUDIM. What Czech poppy seed exports lacked at the beginning of the season was easily made up for by exports in recent months. In the meantime, however, market players are increasingly focusing on the new crop.
Oilseeds
Jun 10, 2021

Sunflower seeds: Russia's exports down by 50%

SOFIA/MOSCOW. Market players are optimistic about the 2021 sunflower seed crop, but are still hesitant to bid. Meanwhile, sunflower seed shipments from Russia have declined by 50% since the beginning of this season.
Pulses
Jun 9, 2021

Peanuts: adverse weather conditions delay US sowing

ATLANTA. Sowing in the USA is delayed because it is too dry in some growing regions, while other states are affected by cold temperatures and heavy rainfalls. Exports, however, look pretty good.
Oilseeds
Jun 8, 2021

Flaxseed: logistical challenges slow down trading activity

OTTAWA/NUR-SULTAN. Due to price disagreements and logistical hurdles, trading activity in the flaxseed market has slowed down noticeably. In Canada, last week's heat wave is causing concern for farmers.
Oilseeds
Jun 7, 2021

Pumpkin seeds: summer slump vs freight charges

BEIJING. Although demand for pumpkin kernels is rather subdued at present, traders are speculating about the development prices will take in the next few weeks. High freight charges still pose an enormous challenge. Some exporters in China have started to adapt their prices, but buyers in Europe may take advantage of the current market situation.
Oilseeds
Jun 4, 2021

Sesame seeds: supplies of hulled seeds may run low

NEW-DELHI/MAPUTO. Cyclone Tauktae, which hit India two weeks ago, is estimated to have only damaged around 10% of the sesame seed crop. Market players had initially reckoned with more extensive damages. Production prospects are, in fact, highly encouraging.
Oilseeds
Jun 2, 2021

Sunflower seeds: cultivation of black seeds increases

SOFIA. The sunflower seed market has been characterised by much uncertainty this season. Again and again there were strongly divergent reports from Bulgaria about the sowing progress, which at best can probably be classified as subjective regional perception.