Marktinfo
market-update No. 80-2021 Eastern European sunflower seeds
2021-10-26 | Eastern European sunflower seeds raw material prices seeing an all-time high in the season with no halt
Today Bulgarian farmers asked Leva 1.150,00 or EURO 575,00 or USD 670,00 p.MT (USD 30 p.CWT) for his sunflower seeds. Anything else like trucking, packaging, palette, and energy costs, and sea freights are going up and up.
Today Bulgarian farmers asked Leva 1.150,00 or EURO 575,00 or USD 670,00 p.MT (USD 30 p.CWT) for his sunflower seeds. Anything else like trucking, packaging, palette, and energy costs, and sea freights are going up and up.
market-update No. 79-2021 Turkish sultanas new crop
2021-10-25 | Turkish lira in free-fall after mega interest rate cut in Turkey
In September, the central bank had already shocked the markets when it surprisingly lowered the key interest rate from 19 to 18 percent. Now pessimists expected another 100 basis points. But again, the central bank surprised the foreign exchange market: it lowered the key interest rate by 200 basis points to 16 percent. The Turkish lira came under considerable pressure after the significant interest rate cut and fell to new all-time lows against the US dollar and the euro.
In September, the central bank had already shocked the markets when it surprisingly lowered the key interest rate from 19 to 18 percent. Now pessimists expected another 100 basis points. But again, the central bank surprised the foreign exchange market: it lowered the key interest rate by 200 basis points to 16 percent. The Turkish lira came under considerable pressure after the significant interest rate cut and fell to new all-time lows against the US dollar and the euro.
market-update No. 77-2021 Oilseeds
In 2021-10-19 | Oilseeds: World Markets on Trade 2021
The USDA published its latest oilseeds report on 12 October 2021. It summarised the market situation as follows:
The soybean market is very volatile and is currently trading at a 4 - year high. The smaller 2020 harvests of sunflower and palm have significantly firmed vegetable oil prices.
The USDA published its latest oilseeds report on 12 October 2021. It summarised the market situation as follows:
The soybean market is very volatile and is currently trading at a 4 - year high. The smaller 2020 harvests of sunflower and palm have significantly firmed vegetable oil prices.
market-update No. 73-2021 Chinese pumpkin seed kernels new crop
2021-09-28 | Quotes for new crop Chinese pumpkin seed kernels ”going through the roof”!
The whole situation has deteriorated significantly, as we already had observed. Some market participants booked early new crops, but the majority stayed tuned. Now it is clear that the conservative strategy is wrong. We have no carryover from old crops, and new crop yields are down. The sea freights are still booming, and the energy sector just claimed for a new policy of ”dual control of energy consumption” that will negatively impact industrial production.
The whole situation has deteriorated significantly, as we already had observed. Some market participants booked early new crops, but the majority stayed tuned. Now it is clear that the conservative strategy is wrong. We have no carryover from old crops, and new crop yields are down. The sea freights are still booming, and the energy sector just claimed for a new policy of ”dual control of energy consumption” that will negatively impact industrial production.
market-update No. 74-2021 Chinese pumpkin seed kernels
2021-09-28 | Chinese government slow down electricity-intensive industry
China is currently facing a big problem of the short supply of electricity due to the highly increased price of coal. The energy production is based on coal-fired power plants, and the price is subsided.
The government already released new rules to save electricity in the whole country. The electricity-intensive industry must slow down its production. The pumpkin seed production needs a lot of electricity for the cleaning process. The exporter can process only a few days per week and in one shift. The current development will harm the supply.
China is currently facing a big problem of the short supply of electricity due to the highly increased price of coal. The energy production is based on coal-fired power plants, and the price is subsided.
The government already released new rules to save electricity in the whole country. The electricity-intensive industry must slow down its production. The pumpkin seed production needs a lot of electricity for the cleaning process. The exporter can process only a few days per week and in one shift. The current development will harm the supply.