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Blue poppy seeds: concerns dissipate

June 26, 2020 10:17 AM, Der AUDITOR
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CHRUDIM. Any concerns that the weather may adversely impact production in the Czech Republic have not been confirmed. Blue poppy seed traders have even issued the first prices for the new season.

New crop prices start at EUR 2.06/kg

With the area sown spanning 40,000 ha and average yields ranging at 0.8 mt/ha, production should be good in teh Czech Republic. Wheater conditions remains good and the plants are developing well. Blue poppy seed traders have issued the first reference prices for the new crop, which range at EUR 2.06-2.10/kg FCA Czech Republic. Shipments are expetced to start in mid-August. Spot purchase prices have alos declined to EUR 2.60/kg FCA Czech Republic.

Blue poppy seeds, Czech Republic

Type

EUR/kg

<10 ppm morphine, DDP DE, crop 2019

2.64

<10 ppm morphine, FCA CZ, harvest 2020

2.06-2.10

Trade sources

What to expect

Prices will, however, largely depend on demand over the next few months. Problem is that the coronavirus has prompted a great uncertainty in the market, which has given rise to hand to mouth buying. If demand remains subdued prices will most certainly continue to decline in the new season. By contrast, it is also possible that buyers will rush to the new crop at the start of the season, in which case suppliers will have no reasin to go down in price.

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