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Blue poppy seeds: Sobering times in the Czech Republic

March 27, 2017 at 11:51 AM , Der AUDITOR
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CHRUDIM. After the farmers in the Czech Republic rejoiced about massive price surges, they were brought back down to earth again.

 After a speculator briefly caused surges in price, it is now time to sober up. The demand simply was not strong enough to maintain the high price level. They have currently stabilised at a level of 1,180 EUR/mt FCA Czech Republic.

Lateral trend

Market players are expecting lateral price movement in the near future. The reason for this is the smaller poppy acreage. Currently, the seeded area is estimated to be 10% smaller. In addition, more white poppy is being planted. This year once again, the weather will play a decisive role.

Blue poppy seed prices

Origin

EUR/mt

Czech Republic, DDP Germany

1,220

Turkey, CFR Hamburg

1,760

Morphine <20 ppm

 

Attached Files

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Blue poppy seed price chart

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