Oilseeds - Oilseeds

Blue poppy seeds: traders react with price corrections

March 4, 2020 3:37 PM, Der AUDITOR
Play report as audio

CHRUDIM/ANKARA. Recently, blue poppy seed traders in the Czech Republic had increased their export prices due to the stronger Czech koruna. This week, new price adjustments were made.

Higher prices will not last

Within a very short period of time, blue poppy seed prices had risen from EUR 2,76 per kg to EUR 2,86 per kg in mid-February. This development came as a surprise to many market players in view of the calm market situation and was justified by traders with the significantly firmer koruna. However, in the last few days the exchange rate has stabilised again, supported by the stronger euro, and is at a similar level to that at the end of December 2019. The higher price level of recent weeks has not improved the willingness of

View related articles

Go to the News Overview
Dec 9, 2021
CHRUDIM/ANKARA. Subdued demand for poppy seeds has failed to impact prices in the Czech Republic. Exports range around 10% lower than last year.
Dec 8, 2021
SOFIA/KIEV. Harvest progress is still being reported from Russia and Ukraine. The Bulgarian market is quiet and hopes are on the new year. Transport issues are a problem, as in many places.
Dec 7, 2021
BEIJING. In addition to the low demand from overseas, there are also no enquiries from the domestic market despite the upcoming Chinese New Year. At the same time, freight rates are slightly higher again.
Dec 2, 2021
OTTAWA/NUR-SULTAN. The current flaxseed report from Agriculture and Agri-Food Canada does not bring any relief. In Eastern Europe, flaxseed prices have stabilised at their high level.