Oilseeds - Oilseeds

Sunflower seeds: traders urged to stock up

February 24, 2022 at 7:21 AM , Der AUDITOR
Play report as audio

SOFIA. With raw sunflower seed prices rising in Bulgaria the prices for bakery kernels are currently catching up. Demand is still limited and some companies have even stopped operating. The Russia-Ukraine crisis dominates market sentiments.

Panic and standstill

The high demand for sunflower oil is driving up the prices for raw sunflower seeds in Bulgaria. Prices for black sunflower seeds have risen by BGN 50/mt to BGN 1,250/mt (c. USD 724/mt or EUR 639/mt). Buyers, who initially waited for prices to decline, will have to be very patient now. This also applies to bakery kernels. The Russia-Ukraine crisis has, in addition, made matters worse with traders in Bulgaria reporting that their government has urged them to stock up as Russia has started to invade and a war in the middle of Europe appears inevita

View related articles

Go to the News Overview
Nov 30, 2023
NEW DELHI/ABUJA. In the Indian sesame seed market, arrivals are failing to fulfil the expectations of market players. This is supporting prices despite the new crop.
Nov 29, 2023
DALIAN/WARSAW. Demand on the Chinese pumpkin seed market remains weak, but is expected to pick up in January due to the upcoming Chinese New Year celebrations. EU buyers are increasingly turning to organic goods from Poland and Austria.
Nov 29, 2023
SOFIA/KYIV. Sunflower seed production has fallen short of expectations in Ukraine and Bulgaria intends to revise the current import restrictions.
Nov 27, 2023
NEW DELHI. According to current forecasts, the Kharif crop in India could be smaller than hoped for. Prices on the peanut market, however, have stabilised after the Diwali festival.