Oilseeds - Oilseeds

Blue poppy seeds: speculation and uncertainty

July 21, 2020 1:54 PM, Der AUDITOR
Play report as audio

CHRUDIM. The blue poppy seed market is speculating on declining prices this year. At the same time not every trader is prepared to take a potential risk in advance.

Disenchanting prospects

A very small part of the blue poppy seed harvest is already sown in autumn. Czech farmers have now begun harvesting this winter crop and market players are reporting disillusioning yields. These results are taken as indications for the main crop, which is why some suppliers are still hesitant to make offers for the new crop. Other traders continue to rely on falling prices and offer blue poppy seeds, <10 ppm morphine for a good EUR 2.00 per kg FCA Czech Republic. There is also disagreement about spot prices. While last week traders were demanding EUR 2.30 per kg FCA for prompt shipments, this week they are again talking about price indications of EUR 2.70 per kg.

Blue poppy seeds, Czech Republic

Type

EUR/kg

<10 ppm morphine, FCA CZ, 2019 crop

2.30-2.70

<10 ppm morphine, FCA CZ, 2020 crop

2.01

Trade sources

What is the crop volume?

The acreage of 40,000 ha this year gives a rough indication of where the production result could go. However, as soon as the yield falls below 0.6 mt/ha or not the entire area can be harvested, the crop volume quickly falls below last year's level. Persistent rainfall and not enough sunshine may have affected the development of the poppy plants. However, the exact extent of this can only be determined after the main harvest has been completed.

Blue poppy seed production, Czech Republic

Year

ha

mt/ha

mt

2016

35,543

0.80

28,574

2017

32,586

0.65

21,180

2018

26,608

0.52

13,778

2019

35,800

0.68

24,344

2020

40,000

0.50-0.80*

20,000-32,000*

Czech Statistical Office
*unofficial estimates

View more information
price chart, blue poppy seeds, Czech Republic
price chart, blue poppy seeds, Turkey
more price charts

Attached Files

File icon
price chart blue poppy seeds, Czech Republic
File icon
price chart blue poppy seeds, Turkey
View related articles
Go to the News Overview
Oilseeds

Sunflower seeds: heated debates over Russia

SOFIA. In how far Russia will able to hold on to the export duties of 50% is a matter of heated debate at present. Although local reports issued in Ukraine state that production will range lower than anticipated in Russia, a rise is still expected on last year. Imports to the EU have plummeted in the first half of July.
7/22/21, Der AUDITOR
Oilseeds

Flaxseed: Canada gains market shares on Russia and Kazakhstan

OTTAWA/NUR-SULTAN. Heat and drought persist in Canada. Fortunately, flaxseed is more resistant than other agricultural commodities in dealing with these extreme weather conditions. Recent import data in Germany shows that Canada is gaining in Europe.
7/22/21, Der AUDITOR
Oilseeds

Pumpkin seeds: suppliers need to be patient

BEIJING. Pumpkin seed suppliers in China need to be patient. Issue is that most customers are on holiday. Prices have, nevertheless, changed.
7/21/21, Der AUDITOR
Oilseeds

Sesame seeds: sowing 17% down on last year

NEW DELHI. Farmers in India are busy sowing sesame seeds for the kharif crop. Recently issued data by the Directorate of Oilseeds Development in Hyderabad has, however, confirmed concerns. Buyers in Germany have turned to alternative sources as newly issued import data shows.
7/21/21, Der AUDITOR