Oilseeds - Oilseeds

Blue poppy seeds: slump in exports in Czech Republic

October 8, 2020 10:24 AM, Der AUDITOR
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CHRUDIM/ANKARA. Exports have taken a sharp dip by more than a third in the Czech Republic. Encouraging production prospects are forcing suppliers to adjust their prices.

Buyers hesitate

Failed attempts to drive up prices by holding back coupled with the coronavirus weighing heavily on demand are taking their toll on the market. Trading is largely subdued and the official export data issued by the Czech Statistical Office is anything but encouraging. In the first month of season, poppy exports totalled 969 mt, around 37% less than in August last year. Important consumer countries such as Russia, Austria and Poland have sharply cut imports and exports to Germany have declined by 43% to 45 mt since last year.

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