market-update No. 77-2020 Bulgarian sunflowers new crop
2020-09-16 | The situation for Bulgarian sunflower kernels is getting acute and is similar to the dramatic development in 2012/2013
Situation: Based on the current data from the sunflower harvest 2020 in Bulgaria and their own experience our shipper Sadina is expecting a shortage in raw materials of about 450.000–500.000 mt. Over the last 2 weeks, the prices for raw materials have increased by 30 percent. The quotes have risen by 2 percent every day. This development is continuing unabated as we speak. We expect a target price for the harvest 2020 of Leva 600,00 p.mt. All pre-contracts negotiated with your organization were based on these numbers. Yesterday the products were traded with Leva 820,00 p.mt field run ex-farmer. The main reasons for this development are the extremely low hulling yields and the overall availability of raw materials.
Situation: Based on the current data from the sunflower harvest 2020 in Bulgaria and their own experience our shipper Sadina is expecting a shortage in raw materials of about 450.000–500.000 mt. Over the last 2 weeks, the prices for raw materials have increased by 30 percent. The quotes have risen by 2 percent every day. This development is continuing unabated as we speak. We expect a target price for the harvest 2020 of Leva 600,00 p.mt. All pre-contracts negotiated with your organization were based on these numbers. Yesterday the products were traded with Leva 820,00 p.mt field run ex-farmer. The main reasons for this development are the extremely low hulling yields and the overall availability of raw materials.