The Poppy Seed Market is valued at USD 227.02 Million in 2022 and is estimated to reach USD 294.74 Million by 2029 at a Compound Growth Rate of 3.8%. The Poppy Seed Market is analysed by segments such as:
- Form (Powder, Oil, Dried Seeds),
- Application (Personal Care, Food),
- Sales Channel (Direct Sales, Indirect Sales),
- Region (North America, Europe, Asia-Pacific, South America, Middle East & Africa)
Current poppy challenges
According to leading poppy seed producers, farmers are currently reluctant to sell their poppy seeds. This is because the yield of the 2023 crop is lower than in previous years and the current price level is not considered competitive by farmers. They are waiting for higher prices before considering selling. Producers are talking to farmers but no agreement has yet been reached.
Organic poppy seed production – Sourcing from Türkiye
Unfortunately, organic blue poppy seed production in the EU seems to be in decline. Producers are currently struggling to supply significant quantities of EU-origin poppy and the temporary solution is to source from Türkiye. Currently, importers are supplying Turkish origin, but each batch needs extensive analyses to ensure quality and conformity.
Why yields are low in Czech agriculture
Czech agriculture is very sensitive to fluctuations in weather conditions, lack of summer rainfall, drought and other extreme weather conditions. As a result of increasing pressure to protect the environment, some effective preparations that favour poppy growth and provide protection against pests are restricted or banned. As a result, both growers and market operators should expect lower yields, more damage to fields and even lower quality poppy seed. One cannot ignore the situation in 2018 and 2019, when extreme drought led to very low yields per hectare (some farmers did not harvest at all and the fields had to be ploughed) and as a result the price of poppy seed rose to over €. 4/kg, to be repeated soon.
Poppy market prospects
The poppy market is small compared to other commodities and is highly sensitive to all kinds of internal and external influences. The effects of the war in Ukraine, climate change and efforts to improve environmental protection are likely to continue. The prices of other commodities on the agricultural market also influence the behaviour of poppy growers in selling poppy seeds. For 2024, we are all looking forward to news about the area under cultivation, which is unlikely to decrease. The weather in spring and summer each year and how farmers cope with restrictions on the use of certain plant protection products will play an important role.
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