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Blue poppy seeds: Is the farmer’s will broken?

November 9, 2016 at 8:05 AM , Der AUDITOR
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PRAGUE. Because they can sell other raw materials in the meantime, farmers are under no pressure. Meanwhile, what are the blue poppy seed traders going to do?

They are in need of enquiries, but at least traders are sure that the farmers will not hold on to their virtually utopian price expectations. Already now, they are having problems to sell their produce. In an attempt to make Czech blue poppy seeds more attractive to buyers, farmers have lowered their prices yet again in this week. The price level is currently at 1.22 EUR/kg DDP Germany.

blue poppy seeds, Czech Republic

10-year balance

EUR/mt

currentl, 08.11.2016

1,220

high, 24.03.2008

4,300

low, 04.05.2009

750

average

1,903

DDP Germany 

Been there, done that
According to the Czech Statistical Office, this year’s crop has turned out very well also, and the production volume should reach the previous year’s value, at least. That is why traders are counting on a similar course in seasonality as in 2015/16. Which means: Stable prices until February, then things will progress downhill.  

blue poppy seed production,  Czech Republic

year

ha

mt/ha

mt

2012

18,363

0.70

12,854

2013

20,250

0.69

13,973

2014

27,020

0.91

24,588

2015

32,650

0.82

26,891

2016

35,543

0.82

29,264

source: Czech Statistical Office

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