Oilseeds - Oilseeds

Sunflower seeds: EU imports more than double

June 18, 2020 at 11:19 AM, Der AUDITOR
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SOFIA/MOSCOW. Russia's intention of raising the export tariffs for sunflower seeds is met with resistance in the Eurasian Economic Union. Higher tariffs will also have serious implications for the EU as Russia has supplied nearly 46% of all shipments to the EU this season so far.

Further price declines in Bulgaria

The rains in June have meanwhile raised concerns in Bulgaria since sun is required for the sunflower seeds to develop well. Prices have, nevertheless, declined. Black in-shells with a 98% purity are trading at EUR 345 EUR per metric tonne CPT Varna. Bakery kernels are trading in a range of  EUR 690-745 per metric tonne DDP Germany. The new crop is, however, trading in a firm range of EUR 655-680 per kg DDP Germany.

Sunflower kernels, Bulgaria

Type

EUR/mt

Hulled, bakery, DDP Germany, 2019 crop

690-745

Hulled, bakery, DDP Germany, 2020 crop

655-680

Unhulled, 98% purity, CPT Varna

345

Trade sources

Eu imports exceed 1 million metric tonnes

According to the recent oilseed report issued by the European Commission the EU (UK included) has imported aournd 1.023 million metric tonnes of sunflower seed between 1 July 2019 and 7 June 2020. This is a drastic rise of 106% over the same period last year. Nearly 46% of shipments come from Russia. The countries intention of raising the export tariffs for sunflower seeds from 6.5% to 20% as of February most certainly spells trouble for buyers in the EU. Market players in Kazakhstan have, however, responded to these plans with dismay. They reckon that domestic supplies are sufficient to meet demand. In addition, the Eurasian Economic Union, has decided to extend the export ban on sunflower seed until 31 August. Exports have been suspended since 12 April.

 

Attached Files

File icon
price chart sunflower kernels bakery Eastern Europe
File icon
price chart sunflower seeds black Eastern Europe

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