Oilseeds - Oilseeds

Sunflower seed kernels: Bulgaria challenges Germany

February 9, 2017 at 11:42 AM , Der AUDITOR
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SOFIA. Sunflower seed kernels from Bulgaria are becoming more and more popular, especially in Germany. But interest is also increasing in other countries meaning that buyers in Germany may be facing hard times.

New opportunities in Turkey

Germany has increased its imports from Bulgaria over the last few years. But buyers in Germany may have to accept higher prices. Turkey has lowered its import duties to improve trade, which poses new opportunity for suppliers from Bulgaria and may lead to an upsurge in demand.

Sunflower seed imports to Germany in mt

country

2014

2015

2016*

Hungary

55,603.10

73,984.20

73,453.25

Bulgaria

43,161.30

50,462.40

51,184.36

Slowakiai

37,913.70

29,868.40

20,846.04

Austria

15,921.40

18,303.00

14,717.00

France

59,733.30

54,481.30

8,109.73

Moldova

2,303.60

4,692.70

5,596.50

China

4,580.80

4,946.20

4,056.00

source: Federal Statistical Office           *estimate

Supplies in Bulgaria

The carry-over stocks and a production of about 1.78 Mt mt led to supplies of 2 M mt in Bulgaria, roughly speaking. More than 580,000 mt were processed into oil and meal in the domestic market in the first five months of 2016/17. Another 190,000 mt were exported. Reports state that a supply of more than 1.37 M mt remains.

Consumption in Bulgaria

value

mt

domestic consumption

583,260

processed into oil

354,000

processed into meal

229,260

total exports

190,185

Exports to the EU

146,390

Exports to other countries

43,795

total consumption

773,445

since the start of the season

Current prices

These supplies should certainly meet demand. The prices for black sunflower seeds have now dropped to 350.23 EUR/mt CPT Varna. Some offers were even as low as 347.69 EUR/mt CPT. This has also produced an effect on hulled bakery kernels since prices have dropped to a similar level as in Moldova. Offers are available for 730 EUR/mt DDP Germany.

Sunflower seeds, Eastern Europe

Type

EUR/kg

Bakery, DDP Germay

0.730

black, inshells, CPT Varna

0.353

oilseeds, Budapest Stock Exchange

0.347

 

 

Attached Files

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bakery price chart
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black sunflower seeds price chart

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