Loading…
Bulgarian and Ukrainian sunflower seed prices have softened, with black sunflower seed at 355 EUR/mt CPT Varna and Bulgarian prices down 5 EUR/mt to 655 EUR/mt FCA. Mills are expected to process about 800,000 mt in 2016/17, around 42% of the crop of over 1.7m mt.
Weather and power supply in Bulgaria are returning to normal, and buyers are cautious about long-term contracts.
Easing seed prices and cautious forward buying point to ample near-term supply for crushers and feed users in Eastern Europe. Market participants expect unchanged sunflower acreage for 2017, so no major supply shift is priced in yet.
mundus-agri.euJan 26, 2017Not 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.
