Tianjin –  Sunflower seed collection in China began at the end of September, and the market is showing signs of improvement as cooler weather sets in. However, the outlook for the new season in Europe and the Middle East remains uncertain, with potential influences from the international situation and rising ocean freight rates.

Ocean Freight Rates and Market Uncertainty

One of the key factors affecting the market is the fluctuation in ocean freight rates. This uncertainty has led to an increase in FOB turnover, as market participants adjust to shifting transportation costs. Despite this, sales in foreign markets are still down year-on-year. However, improvements are expected starting in October, when demand in both domestic and international markets is likely to pick up.

Current Export Prices for Sunflower Seeds

This week, the export reference price for 361 standard sunflower seeds (200-210 seeds/50g) is between $1,620 and $1,650 per ton. For sunflower seeds with 190-200 seeds/50g, the export reference price is slightly higher, ranging from $1,640 to $1,670 per ton.

Outlook for October

As demand in the domestic market is expected to increase, continued monitoring of market conditions, including price fluctuations, is essential. Traders are encouraged to keep a close watch on both freight rates and international developments that may impact sunflower seed trade in the coming months.

Current Market Price in Fob Tianjin, China for sunflower seeds