Market updates on oilseeds and vegetable oils with up-to-date price trends
Oilseeds
Aug 16, 2023

Sunflower seeds: USDA too upbeat about production in Europe

WASHINGTON, D.C./SOFIA. While the sunflower seed harvest is progressing in Bulgaria, Ukraine and Kazakhstan have exported record volumes in 2023. The USDA’s Foreign Agricultural Service (FAS) is rather upbeat about production in Europe.
Oilseeds
Aug 16, 2023

Blue poppy seeds: new estimates better in line with expectations

CHRUDIM. Irritation was caused by the official estimates on the area sown with poppy seeds in the Czech Republic as they by no means matched market expectations. New estimates have, fortunately, shed more light on this year's crop.
Nuts
Aug 14, 2023

Peanuts: high aflatoxin values in Brazil

NEW DELHI/BRASÍLIA. Brazil's new peanut crop is highly promising. Yet, high aflatoxin and pesticide values are rendering shipments to the EU problematic. China, the most important buyer for peanuts in Sudan, will have to rethink its supply chain as the civil war wages on.
Oilseeds
Aug 14, 2023

Soy: is the tide about to turn in Brazil?

BRASÍLIA/CHICAGO. Brazil’s soybean exports are up and running but weather conditions may prove adverse for the sowing of the new crop in October. Analysts, in addition, reckon that the tide is about to turn for the country, which has witnessed a most remarkable season.
Oilseeds
Aug 10, 2023

Sesame seeds: further disruptions anticipated in Africa

NEW DELHI/NIAMEY. As tensions are intensifying in Niger, Sudan and Ethiopia trading is largely disrupted for sesame seeds. Prices have declined a bit in India.
Oilseeds
Aug 9, 2023

Sunflower seeds: harvesting starts early in Bulgaria

SOFIA/KYIV. Harvesting started in Bulgaria this week, but the kernels do not yet meet expectations in terms of quality. Ukraine has reportedly increased sowing for high oleic sunflower seeds.
Oils
Aug 7, 2023

Olive oil: shock for exporters in Turkey

IZMIR. Turkey's Ministry of Trade has issued a temporary export ban for olive oil to combat high prices in the domestic market. Although this has frequently happened in recent years, exporters have been taken by surprise this time round.
Nuts
Aug 7, 2023

Peanuts: buyers hope in vain for better prices

NEW DELHI/SANTIAGO. Prospects are far from encouraging for anyone wanting to buy peanuts this year. Prices are on the rise in all producing countries. Adverse weather conditions coupled with geopolitical tensions in Africa have caused extensive crop losses.
Oilseeds
Aug 3, 2023

Sesame seeds: successful tender for Indian suppliers

NEW DELHI/NIAMEY. The current sesame seed tender achieved record prices, according to market players. Indian and Pakistani suppliers could win the bulk. In African origins, some traders are parting with their stocks, putting pressure on prices.
Oilseeds
Aug 3, 2023

Flaxseed: Kazakhstan could nearly double exports

ASTANA/OTTAWA. Kazakhstan’s flaxseed exports this season are significantly higher than last year, thanks in no small part to China. The Kazakh crop is said to be in good condition - quite unlike Canada, where a massive decline is expected.
Oilseeds
Aug 2, 2023

Sunflower seeds: prices up by 10%

SOFIA/DALIAN. The Bulgarian sunflower seed market is characterised by massive price increases this week. Meanwhile, the European Commission's forecast for EU-wide sunflower seed production has taken a surprising turn.
Oilseeds
Aug 1, 2023

Pumpkin seeds: large shine skin crop expected

DALIAN. Market players who are currently getting an overview of the shine skin growing regions have only positive things to report - the crop is expected to be significantly larger than last year. The picture on the GWS market is completely different.
Nuts
Jul 31, 2023

Peanuts: high demand causes prices to rise

NEW DELHI/ATLANTA. Strong buying interest in Europe and Asia is keeping peanut prices on an upward trend. Argentine suppliers continue to hold back with offers, while in the USA the crop outlook is promising so far.
Oilseeds
Jul 27, 2023

Sesame seeds: price increases across the board

NEW DELHI/ABUJA. Weather developments in India are causing concern among market players. In Nigeria, however, the removal of subsidies is expected to drive up transport costs.
Oilseeds
Jul 27, 2023

Sunflower seeds: yield estimates revised downwards

KYIV/SOFIA. Lower yield estimates and uncertainty are shaping the sunflower seed market. This is also reflected in prices. The possible extension of the EU import restrictions on certain Ukrainian agricultural commodities is also being hotly debated.
Oils
Jul 26, 2023

Olives: massive yield losses

ANKARA. Turkish olive growers expect their yields to be significantly lower this year than in 2022. At the same time, prices have already risen to a record high due to various factors.
Oilseeds
Jul 24, 2023

Pumpkin seeds: speculators could miscalculate

DALIAN. Chinese speculators are hoarding much of the remaining shine skin stocks in their warehouses, hoping for rising demand in August - but market experts consider this unlikely. Meanwhile, the new crop is developing well.
Nuts
Jul 24, 2023

Peanuts: demand surges massively

NEW DELHI. The buying interest for Indian peanuts has increased significantly and the dwindling stocks are ensuring that prices continue to rise. Meanwhile, the African origins are facing various challenges.
Oilseeds
Jul 21, 2023

Soy: traders simply refuse to be shocked

BRASÍLIA/CHICAGO. While Russia’s decision to pull out of the Black Sea Grain deal has failed to impress the market, traders in Brazil see great potential in the present demand situation. A new study shows that Brazil will continue to produce record volumes of grain in the next ten years. This will also have implications for fertilisers.
Oilseeds
Jul 20, 2023

Sesame seeds: India expands acreage

NEW DELHI/KHARTOUM. India's sesame seed cultivation is said to have expanded massively this year. Details of the much-awaited tender from South Korea have finally been officially announced, with the bidding taking place at the turn of the month.
Oilseeds
Jul 20, 2023

Flaxseed: crop forecasts for 2023

OTTAWA/ASTANA. Canada's flaxseed acreage has been lower than expected this year, setting a negative record. Russia and Kazakhstan are also forecast to have smaller crops, while Ukraine is looking to push its niche product.
Oilseeds
Jul 20, 2023

Blue poppy seeds: surprising cultivation forecast

CHRUDIM. The official estimate of the cultivated area by the Czech Statistical Office came as a surprise to the Czech poppy seed industry. However, the fields urgently need rain to stem the crop losses.
Oilseeds
Jul 19, 2023

Sunflower seeds: market activity remains subdued

SOFIA/KYIV. Hot and dry weather in Bulgaria could have a negative impact on yields in the long term. Meanwhile, the closure of the grain corridor does not directly affect exports of sunflower seeds from Ukraine, but this development is still causing some uncertainty in the market.
Oilseeds
Jul 18, 2023

Mustard seeds: redeeming rainfall

OTTAWA. Drought had been causing considerable trouble to Canada's mustard seed regions, but last week finally brought some much-needed rainfall. Germany's imports from Canada have tripled year-on-year.
Oilseeds
Jul 17, 2023

Pumpkin seeds: supply meets demand

DALIAN. Although there are only small stocks left in Chinese pumpkin seed warehouses, supply should cover demand until the start of the new season. Prices are currently moving in different directions.
Nuts
Jul 17, 2023

Peanuts: monsoon is both a curse and a blessing

NEW DELHI. While some Indian growers are breathing a sigh of relief at the much-needed monsoon rains, others are already reporting crop damage from the heavy rains. In the US, processors are currently assessing the quality of the new crop.
Grains
Jul 14, 2023

Grains and oilseeds: downright peculiar negotiations with China

BRUSSELS/BRASÍLIA. Buyers from China have a curious way of negotiating shipments for soy in Brazil. The EU has reported a sharp downturn in wheat imports and exports, extensive heat is proving a problem for corn and FAS is very much upbeat about Ukraine’s rapeseed production.
Oilseeds
Jul 13, 2023

Sesame seeds: rainfall causes crop damage in Pakistan

NEW DELHI. The next sesame seed tender is expected in the coming days and Indian exporters are expecting better chances again due to recent developments.
Oilseeds
Jul 13, 2023

Psyllium: majority of the crop already sold

NEW DELHI. Speculators have the market for psyllium husks in their hands, which inevitably affects prices. The monsoon season in India is further aggravating the market situation.
Oilseeds
Jul 12, 2023

Soy: enquiries pick up in Brazil

BRASÍLIA/BRUSSELS. Traders in Brazil are upbeat about soy. Not only did exports hit a record in June but enquiries are also up. EU soybean and soymeal imports have declined sharply in the first week of MY 2023/2024.
Oilseeds
Jul 12, 2023

Sunflower seeds: bad weather hits Moldova

SOFIA/CHIȘINĂU. Uncertainty over the new sunflower seed crop coupled with high production costs are limiting buying and selling activities in Bulgaria. Storms have created extensive crop damages in parts of Moldova.
Oilseeds
Jul 11, 2023

Pumpkin seeds: low buying interest

DALIAN. Demand on the Chinese pumpkin seed market is currently low, with shine skins in particular finding hardly any buyers. Buyers still have full warehouses and market experts estimate that orders for the new crop could also be delayed.
Nuts
Jul 10, 2023

Peanuts: monsoon affects trade

NEW DELHI/BUENOS AIRES. After heavy monsoon rains, trade was restricted in some parts of India last week, and there are also reports of crop damage. In Argentina, the situation is anything but rosy this year, while there is still hope for US traders.
Oilseeds
Jul 6, 2023

Sesame seeds: courting the tender

NEW DELHI/DODOMA. The summer crop in Tanzania is supplying the sesame seed market with new goods, while stocks from the Indian summer crop are slowly dwindling.
Oilseeds
Jul 5, 2023

Sunflower seeds: EU has doubled imports

SOFIA/DALIAN. The EU has more than doubled its sunflower seed imports for the 2022/2023 season. At the same time, the EU crop forecast was recently revised upwards again.
Oilseeds
Jul 5, 2023

Blue poppy seeds: price increases expected

CHRUDIM/ANKARA. The official cultivation estimates for the 2023 Czech poppy seed crop are to be published soon. However, a significant decline in production will be unavoidable due to the smaller acreage. In Turkey, meanwhile, the harvest is already imminent.
Nuts
Jul 3, 2023

Peanuts: moisture leads to quality issues

NEW DELHI. Heavy rains in some Indian growing areas have led to crop damage and quality losses; however, the extent of the damage has yet to be determined. Indonesian buyers are increasingly switching from Indian peanuts to the cheaper alternative from Mozambique.
Oilseeds
Jun 30, 2023

Soy: Lula’s double-faced environmental policies spark big uproar

BRASÍLIA/BRUSSELS. While US market shares for soybeans are slipping, Brazil is on the rise. Traders here are presently assessing President Luiz Inácio Lula da Silva's decision to lift agricultural spending by 27% as compared with last year. Soybean quotations have run wild in Chicago.
Oilseeds
Jun 29, 2023

Sesame seeds: good crop prospects

NEW DELHI. Despite low chances of success, Indian exporters are stocking up on sesame seeds for the coming tender. Meanwhile, further good production results are expected in India later in the season.
Oilseeds
Jun 28, 2023

Sunflower seeds: production forecasts differ

SOFIA/KYIV. In Ukraine, farmers have now finished sowing. The cultivation of sunflower seeds could not reach the planned target. Meanwhile, disagreement is leading to unclear crop forecasts for the Bulgarian sunflower seed crop.
Oilseeds
Jun 26, 2023

Pumpkin seeds: comfortable situation for GWS traders

DALIAN. Due to weak demand, the Chinese pumpkin seed market is currently very quiet. Speculators are trying to sell their shine skins, while there are few offers for GWS kernels.
Nuts
Jun 26, 2023

Peanuts: oil purchases from China decline

NEW DELHI/BRASÍLIA. China has reduced its purchases of peanut oil from India and is buying larger quantities from Brazil. Here, the harvest has been completed, but there are few offers for the new crop so far.
Oilseeds
Jun 22, 2023

Flaxseed: main growing countries reduce acreage

ASTANA/OTTAWA. Flaxseed sowing in the major producing countries is expected to be significantly lower this year. For Canadian exporters, this could be an opportunity to regain a foothold in the international market.
Oilseeds
Jun 22, 2023

Sesame seeds: arrivals slow down

NEW DELHI/KHARTOUM. China and Pakistan are expected to have good chances in the coming sesame seed tender. In the Indian growing regions, meanwhile, rainfall ensured good sowing conditions.
Oilseeds
Jun 21, 2023

Mustard seeds: crop forecast better than expected

OTTAWA. Revisions to forecasts for the 2023/2024 Canadian mustard seed season were all positive. If the estimates can be met, market players expect a larger production and falling prices.
Oilseeds
Jun 21, 2023

Sunflower seeds: Russia sticks to export duty

SOFIA/MOSCOW. In order to be able to fully utilise the capacities of domestic oil mills, Russia wants to keep the export duty on sunflower seeds as long as necessary. Bulgarian growers, meanwhile, are reluctant to sell their oilseed stocks in advance.
Oilseeds
Jun 20, 2023

Soy: traders confronted with harsh reality

BRASÍLIA/BRUSSELS. Soy has become highly political again after the French parliament voted against the approval of the EU-Mercosur trade deal last week. Brazil’s President Luiz Inácio Lula da Silva responded swiftly with a statement that clearly highlights the dilemma his registration is in. Local traders are exasperated with fraudsters.
Oilseeds
Jun 19, 2023

Pumpkin seeds: speculators get nervous

DALIAN. With the completion of the new sowing, speculators are trying to sell their stocks as soon as possible. However, demand remains low.