Oilseeds - Oilseeds

Blue poppy seeds: Hungarian traders could hold back offers

July 14, 2021 at 3:38 PM , Der AUDITOR
Play report as audio

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.

Czech Republic sets the tone

Hungarian poppy seed farmers reportedly sowed about 6,000 ha for this year's crop. According to initial results, the cleaned seeds are estimated at 800-1,000 kg/ha, which would ideally correspond to a production of 4,800-6,000 mt, although the final crop result remains to be seen. So far, however, the quality of the goods has been convincing. The Hungarian market players' desired prices are around EUR 2.00/kg, but whether they can achieve this level now depends above all on further developments in the Czech Republic.

View related articles

Go to the News Overview
Apr 18, 2024
NEW DELHI. After the last tender from South Korea turned out to be a great disappointment for sesame seeds, things are looking much better in India in April. Question is in how far this will impact prices.
Apr 15, 2024
DALIAN. Sowing is underway for pumpking seeds in China and will take about a month. Prices are on the decline.
Apr 15, 2024
NEW DELHI/BUENOS AIRES. Traders and stockists are forced to sell peanuts at a loss in India. Issue is that rising temperatures may cause diseases to spread. Harvesting is in full swing in Argentina.
Apr 11, 2024
OTTAWA/BRUSSELS. With the prospect of higher import tariffs for Russian flaxseed, European traders are worried about their business and fear massive price increases. Other growing countries such as India and Canada are coming into focus, but are not really an alternative for buyers at the moment.