Sunflower seeds: little optimism despite promising forecasts

June 16, 2021 at 2:13 PM , Der AUDITOR
Play report as audio

SOFIA/KIEV. A record acreage in Ukraine and favourable weather conditions are boosting yield forecasts for the coming season. Bulgarian sunflower seed traders, however, remain cautious and shy away from taking risks.

Restraint continues

Driven by fears of profit slumps and losses, many sunflower seed traders are extremely cautious when it comes to offers for the new crop. While a lot can still happen in the coming weeks until the harvest starts, some market players are currently more confident than others that sunflower seed production should be significantly better than in 2020. "There is a lot of tension about the new crop," says a Bulgarian sunflower seed trader, "most suppliers are confused and refuse to give offers." Traders who are willing to offer prices are&nbs

View related articles

Go to the News Overview
Nuts
Nov 25, 2024
NEW DELHI/BUENOS AIRES. Prices for Indian peanuts are currently volatile and there is disagreement as to whether they will rise or fall in the coming weeks; both seem possible. Argentine market players are facing numerous challenges.
Grains
Nov 22, 2024
BRUSSELS. With the war in Ukraine taking new terrible turns concerns are growing that wheat and corn will be impacted. Rumour has it that France exported much more wheat to Morrocco than official figures suggest. US soybean exporters depend much less on China than one may think. Euronext rapeseed futures have slipped.
Oilseeds
Nov 21, 2024
NEW DELHI/BRASÍLIA. India's sesame seed exports increased significantly in volume terms in October 2024, while the export value rose only moderately due to lower prices. Despite a smaller crop, the recent price declines could be only temporary.
Oilseeds
Nov 21, 2024
CHRUDIM. Larger acreages and higher yields have significantly increased the Czech blue poppy seed crop this year. This has ensured that prices have become noticeably more favourable again compared to previous years.