Sunflower seeds: differing opinions on where prices are headed

March 11, 2021 at 11:32 AM , Der AUDITOR
Play report as audio

SOFIA. This season's high prices have stirred panic in the sunflower seed market. While some buyers reckon that there is worse to come, other opinions differ. With sowing about to start in Bulgaria, speculations over the new crop will set the agenda.

Bakery kernels are approaching price levels not witnessed since September 2012 when they climbed as high as EUR 1.28/kg due to considerable crop losses. Some buyers are nearly panicking as they reckon that prices will continue to rise next season. Others, however, think that there is a good chance that the price surge may be stopped. Much depends on the new crop and the response of the buyers to the current market situation.

Drastic surge anticipated

Market prices are certainly expected to continue to rise, with some suppliers in Bulgaria reporting that Bake

View related articles

Go to the News Overview
Grains
Nov 1, 2024
BRUSSELS. Russia’s failed attempt to drive up wheat prices has slowed shipments. Ukraine’s corn exports are 18% up. Rain has prompted sowing to gain pace for soybeans in Brazil and Argentina. Rumour has it that China will slash retaliatory tariffs on Canada's canola.
Oilseeds
Oct 31, 2024
OTTAWA. Although the Canadian flaxseed crop is smaller than in recent years, market players are currently reporting high demand from China. The EU could also be an interesting sales market this season if the export potential was not limited.
Oilseeds
Oct 31, 2024
OTTAWA. The Canadian mustard seed harvest has so far resulted in lower yields than initially hoped for, but the crop result remains significantly better than in previous years.
Oilseeds
Oct 30, 2024
SOFIA/DALIAN. Disappointing crops in the European sunflower seed market are driving some suppliers to take drastic measures. In the Chinese market, however, the new crop is causing prices to fall.