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Blue poppy seeds: price correction despite low demand

April 15, 2020 3:15 PM, Der AUDITOR
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CHRUDIM. In the Czech blue poppy market, price adjustments are made due to exchange rate fluctuations. Despite low trading activity, a significant increase in exports can be recorded.

Spot purchases are rare

The Czech blue poppy seed market shows little trading activity. According to traders, spot purchases are not taking place, but export prices have been revised slightly upwards due to exchange rate fluctuations. Blue poppy seeds, <10 ppm morphine are currently traded at a level of EUR 2.71 per kg FCA Czech Republic. Market players are still holding back with forecasts and prices for the new crop.

Blue poppy seeds

Variety

Price

Czech Republic, <10 ppm morphine, FCA CZ

EUR 2.71/kg

Turkey, <20 ppm morphine, FOB Izmir

USD 3.33/kg

Trade sources

Export business going well

Between August 2019 and February 2020, a total of 13,670 metric tonnes of poppy seeds were exported from the Czech Republic, which is an increase of 27% over the same period last year. The main customer Russia is continuing to increase the difference compared to last year and shipments to Austria have also increased significantly. At the same time, shipments to countries such as the Ukraine and Romania have declined.

Poppy seed exports*, Czech Republic, in mt

Destination

2018/19

2019/20

Diff.

Russia

2,360

3,784

60.3%

Austria

2,723

3,433

26.1%

Poland

1,385

1,510

9.0%

Slovakia

1,051

1,159

10.2%

Germany

928

1.039

12.0%

Hungary

262

732

179.7%

Netherlands

374

545

45.7%

India

0

414

-

Ukraine

557

244

-56.2%

Romania

274

221

-19.6%

Others

849

590

-30.4%

Total

10,762

13,670

27.0%

Czech Statistical Office / Aug-Feb

*12079190 Poppy seeds, whether or not broken (excl. for sowing)

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