Oilseeds - Oilseeds

Sunflower seeds: too early to hit the panic button

May 27, 2021 at 9:43 AM , Der AUDITOR
Play report as audio

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

View related articles

Go to the News Overview
Oilseeds
Apr 18, 2024
NEW DELHI. After the last tender from South Korea turned out to be a great disappointment for sesame seeds, things are looking much better in India in April. Question is in how far this will impact prices.
Oilseeds
Apr 15, 2024
DALIAN. Sowing is underway for pumpkin seeds in China and will take about a month. Prices are on the decline.
Nuts
Apr 15, 2024
NEW DELHI/BUENOS AIRES. Traders and stockists are forced to sell peanuts at a loss in India. Issue is that rising temperatures may cause diseases to spread. Harvesting is in full swing in Argentina.
Oilseeds
Apr 11, 2024
OTTAWA/BRUSSELS. With the prospect of higher import tariffs for Russian flaxseed, European traders are worried about their business and fear massive price increases. Other growing countries such as India and Canada are coming into focus, but are not really an alternative for buyers at the moment.