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Bulgarian sunflower seed prices fell this week as low domestic and foreign demand pushed black in-shell seed (98% purity) down to EUR 343 per tonne CPT Varna. Bakery kernel offers for the 2020 crop were EUR 0.68-0.72/kg DDP Germany while buyers wait out pandemic uncertainty.
Unusually hot, dry weather is a concern for the developing crop.
Weak spot demand and a dry start to the crop point to softer sunflower meal and seed prices in the near term, with weather the main upside risk to new-crop values.
mundus-agri.euMay 14, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
