Oilseeds - Oilseeds

Sunflower seeds: prices surge by 40% within one year

February 11, 2021 10:09 AM, Der AUDITOR
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SOFIA/NUR-SULTAN. Although trading is rather subdued in Bulgaria's bakery kernel market, a further rise in prices is very well possible. Kazakhstan's Ministry of Agriculture has, meanwhile, confirmed that there is no intention of implementing any export tariffs.

Prices remain high

Demand for inshells persists. Issue is that large oil mills require enormous supplies. Trading for bakery kernels is, by contrast, very much subdued in Bulgaria. Hullers are reluctant to offer contracts beyond March. Concern is that supplies may run low before the new crop arrives. While raw material prices are rising continually, bakery kernels are trading firm at around EUR 1.00/kg FCA Bulgaria. Demand is simply too low for suppliers to be able to ask for higher prices. Nevertheless, it should be noted that prices range around EUR 0.32/kg higher

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