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Blue poppy seeds: Essential facts

February 13, 2017 at 10:39 AM , Der AUDITOR
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PRAGUE. Not all market participants agree that current demand for blue poppy seeds is low. Different views have apparently lead to different facts.

Some traders are satisfied with demand. The most recent export figures for Czech poppy seeds, moreover, confirm their perception of the market situation (custom tariff’s number 12079190, poppy seeds, whether or not broken, excl. for sowing). The case being that exports have indeed increased over the last few years (in Aug-Dec). In 2014 exports even climbed to 15,000 mt. Imports have, in addition, decreased by as much as 1,000 mt this season.

 

Poppy, Czech Republic in mt

eear

exports

imports

crop

2012

10,045

2,835

12,854

2013

10,694

2,479

13,973

2014

14,948

2,882

24,588

2015

11,745

2,659

26,891

2016

12,686

1,664

29,264

source: Czech Statistical Office

im- and exports Aug-Dec 2016

 

Production has more than doubled
Production should, however, also be considered. It has more than doubled over the last few years thereby growing much faster than international demand. This is one reasons why the prices have remained on a comparatively low level of 1.20-1.25 EUR/mt DDP Germany for some time now. Although production and exports have developed disproportionally traders are, nevertheless, confident that the carry-over stocks will again be very limited this season.

 

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