Oilseeds - Oilseeds

Sunflower seeds: EU issues drastic downward revisions

September 30, 2020 3:50 PM, Der AUDITOR
Play report as audio

SOFIA. Prices for hulled sunflower seeds remain high. Coceral and the European Commission have issued revised production estimates for the EU.

Drastic cut in EU production

Although the European Commission initially persisted on issuing comparatively high production estimates in recent months, this has now changed. Production estimates have now been cut from 10.7m mt to 9.8m mt in the recently issued September update, which ranges much closer to the USDA (9.75m mt) and Coceral (9.4m mt) production estimates. Issue is that yields are lower than anticipated in Romania and Bulgaria. Production should, by contrast, rise in Hungary and in France.

View related articles

Go to the News Overview
Aug 11, 2022
NEW DELHI/ISLAMABAD. Indian traders see Pakistan as the biggest competitor this season as the crop there is expected to be 40% higher than last year. The palm oil market continues to put pressure on prices.
Aug 10, 2022
BUDAPEST/CHRUDIM. While crop estimates in the Czech Republic have improved slightly compared to earlier forecasts, the mood on the Hungarian blue poppy seed market has reached zero. Meanwhile, the new EU regulation is causing concern among market players in all growing countries.
Aug 8, 2022
DALIAN. In the Chinese growing regions, the harvest will start in the coming days and the farmers are in the middle of preparations. However, the shine skin growers in particular are facing various difficulties.
Aug 4, 2022
NEW DELHI. Although the prices for sesame seeds are rising continuously in India, they are not high enough for traders. Black sesame seed supplies are running low driven by an upsurge in demand in China.