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Sunflower seeds: too early to hit the panic button

May 27, 2021 9:43 AM, Der AUDITOR
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SOFIA. Some traders are sounding the alarm bells at present. Prices are the issue. Attractive prices for inshell sunflower seeds have resulted in the bizarre situation that some processing companies have been prompted to sell their inshell supplies. Risk is that if production falls short of expectations this will contribute to another season of record high prices. Other traders, however, reckon that it is too early to hit the panic button.

Encouraging weather conditions in Bulgaria

Although the market is gripped by a high degree of uncertainty, traders in Bulgaria are urging the market not to fall into panic mode. Issue is that it is impossible to tell how the weather will turn out in June and July, which are crucial for the development of the seeds. Prices will also largely depend on Russia and Ukraine. Inshell production is, in fact, expected to rise by 11.5% on last year to 14.5 million mt in Russia and by 13.8% to 16.5 million mt in Ukraine. Increases in acreage are also expected to drive up EU pr

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