Oilseeds - Oilseeds

Blue poppy seeds: no buying incentive despite price drop

January 21, 2021 10:02 AM, Der AUDITOR
Play report as audio

CHRUDIM/ANKARA. Contrary to their usual habits, Czech blue poppy farmers were cutting prices at the end of last year in order to boost demand. So far, however, the hoped-for success has failed to materialise and prices are being reduced in the new year as well.

Down EUR 0.50/kg within three months

Since the beginning of November 2020, the price level has dropped by around EUR 0.50/kg, or 25%, to EUR 1.53/kg FCA Czech Republic. This time last year, traders were still charging EUR 2.80/kg DDP Germany, and at the beginning of 2019, prices were approaching their all-time high and were already at EUR 4.35/kg DDP. The good quality and the high crop result, combined with low demand, are putting pressure on prices. How low prices will fall therefore depends on the buying interest and market players do

View related articles

Go to the News Overview
Oilseeds
Aug 10, 2022
BUDAPEST/CHRUDIM. While crop estimates in the Czech Republic have improved slightly compared to earlier forecasts, the mood on the Hungarian blue poppy seed market has reached zero. Meanwhile, the new EU regulation is causing concern among market players in all growing countries.
Oilseeds
Aug 8, 2022
DALIAN. In the Chinese growing regions, the harvest will start in the coming days and the farmers are in the middle of preparations. However, the shine skin growers in particular are facing various difficulties.
Oilseeds
Aug 4, 2022
NEW DELHI. Although the prices for sesame seeds are rising continuously in India, they are not high enough for traders. Black sesame seed supplies are running low driven by an upsurge in demand in China.
Oilseeds
Aug 3, 2022
SOFIA/BEIJING. With the political-economic situation being far from stable, the outlook is rather bleak for Bulgaria's sunflower seed market. Acreage has also declined in China this year.