Oilseeds - Oilseeds

Sunflower seeds: long awaited rainfall

May 20, 2020 3:41 PM, Der AUDITOR
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SOFIA. Good demand on the oil market supports commodity prices in Bulgaria, while interest in spot purchases of bakery kernels is rather low.

The weather is calming down

The above-average warm and dry weather has now been replaced by lower temperatures and rainfall, which is good for the development of the plants. Occasional rainfall is expected until the end of the month and temperatures should remain in a moderate range even in early June.

Spot prices are unchanged

Good demand in the oil market supports the prices for Bulgarian raw seeds, after the quotations for Ukrainian sunflower oil rose by 5% since the beginning of the month. Black in-shells with a 98% purity are at the level of EUR 343 per metric tonne CPT Varna, the same price as last week.

Despite fewer enquiries for spot purchases, prices for bakery kernels are still at a level of EUR 0.73-0.75 per kg DDP Germany and EUR 0.65-0.67 per kg FCA Bulgaria. The current commodity prices leave little room for proceedings and contract negotiations are increasingly revolving around the new 2020 crop, with initial offers still in the range of EUR 680 to 720 per metric tonne DDP Germany. While the buyers' side is speculating in the long term on prices such as those at the start of the season, it is still too early for many suppliers to commit themselves to this level.

Sunflower kernels, Bulgaria

Quality

EUR/mt

Hulled, bakery, DDP Germany, 2019 crop

730-750

Hulled, bakery, DDP Germany, 2020 crop

680-720

Unhulled, 98% purity, CPT Varna

343

Trade sources

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