Oilseed Markets Under Pressure: Prices for Sunflower Kernels and Rapeseed Continue to Rise
Oilseed Markets Under Pressure: Prices for Sunflower Kernels and Rapeseed Continue to Rise
European oilseed markets are facing intense price pressure. Yesterday, prices for hulled sunflower kernels in Moldova and Bulgaria surged from €1.15/kg to €1.20/kg (FCA). Experts caution that prices could climb even higher, with forecasts reaching up to €1.40/kg. This price spike is primarily driven by summer heatwaves that severely impacted crop quality, leaving fewer sunflower kernels suitable for hulling and thus tightening supply.
In addition, contracts made as early as July 2024 are not being fulfilled due to rising prices. Many companies relying on these contracts are now forced back into the market as buyers, fueling further price increases.
Rapeseed markets are also reacting: the future of the February 2025 rapeseed on Euronext rose by €9.75/t to reach €532.75/t. This increase is influenced by climbing vegetable oil prices and a weaker euro, boosting export demand.
The market remains tight, and companies in the food and feed industries are advised to monitor developments closely and adjust their procurement strategies as necessary to manage rising costs.
European oilseed markets are facing intense price pressure. Yesterday, prices for hulled sunflower kernels in Moldova and Bulgaria surged from €1.15/kg to €1.20/kg (FCA). Experts caution that prices could climb even higher, with forecasts reaching up to €1.40/kg. This price spike is primarily driven by summer heatwaves that severely impacted crop quality, leaving fewer sunflower kernels suitable for hulling and thus tightening supply.
In addition, contracts made as early as July 2024 are not being fulfilled due to rising prices. Many companies relying on these contracts are now forced back into the market as buyers, fueling further price increases.
Rapeseed markets are also reacting: the future of the February 2025 rapeseed on Euronext rose by €9.75/t to reach €532.75/t. This increase is influenced by climbing vegetable oil prices and a weaker euro, boosting export demand.
The market remains tight, and companies in the food and feed industries are advised to monitor developments closely and adjust their procurement strategies as necessary to manage rising costs.