Oilseeds - Oilseeds

Blue poppy seeds: spot offer prices continue to decline

July 13, 2020 at 1:11 PM, Der AUDITOR
Play report as audio

CHRUDIM. The new crop is approaching and while farmers and traders are still cautiously testing the market, export prices for old supplies are coming under increasing pressure.

Old crop again more favourable

Buyers focus on the new crop and are hardly interested in spot purchases. In order to keep the overstock supplies as low as possible, farmers and traders are regularly reducing the prices for 2019 goods. Meanwhile, blue poppy seeds, <10 ppm morphine are available from EUR 2.29 per kg FCA Czech Republic and thus about EUR 0.30per kg cheaper than just a few weeks ago.

The willingness to lower prices suggests that there are still no negative reports regarding the coming crop. Nevertheless, traders are holding back with offers in the hope of being able to conclude a few more spot sales. At a level of a good EUR 2.00 per kg FCA Czech Republic, the price indications for the new crop are significantly lower than the current market prices.

Blue poppy seeds, Czech Republic

Type

EUR/kg

<10 ppm morphine, FCA CZ, 2019 crop

2.29

<10 ppm morphine, FCA CZ, 2020 crop

2.04

Trade sources

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
Feb 7, 2023
DALIAN. Commodity prices have climbed noticeably in both the GWS and shine skin markets, which is also having an impact on export prices. In addition to rising demand, the buying behaviour of suppliers also plays an important role.
Nuts
Feb 6, 2023
NEW DELHI. Rising prices are tempting farmers to grow more peanuts again. However, this could lead to difficulties with regard to water supply. Higher seed prices also need to be considered.
Grains
Feb 3, 2023
BRUSSELS. EU wheat imports have nearly tripled to 4,968 million mt. Exports are also 7.7% up at 18.8 million mt. The war in Ukraine, however, continues to overshadow the entire grain market. China is also a key figure for corn. Developments in South America are crucial for soy and the showdown between Indonesia and the EU is impacting rapeseed.
Oilseeds
Feb 2, 2023
NEW DELHI. The Indian sesame seed market saw massive price increases, and yet traders believe that a tender participation should not be in vain.