Summer Downturn Hits Tianjin Sunflower Seed Market Amidst Declining Sales Volumes

Year-on-Year Sales Drop in Domestic and International Markets

The Tianjin sunflower seed market has experienced a noticeable downturn this summer, with both domestic and international sales volumes declining year-on-year. Market participants report that the domestic market is primarily wholesale-oriented, with sluggish demand affecting trade activity.

Decreased Purchases in the Middle East and Southeast Asia

Purchasing volumes from key markets in the Middle East and Southeast Asia have also decreased compared to the previous year. The overall market for sunflower seeds has been impacted by the seasonal downturn, although the scarcity of high-quality supplies has helped maintain price stability.

Inventory Levels and Market Demand

Traders are nearing the end of their inventory liquidation phase, with the market now operating on a just-in-time purchasing basis. Some exporters have halted the purchase of stale goods, as the availability of quality sunflower seeds in producing areas remains limited, leading to anticipation for the arrival of new season goods.

Current Export Prices

This week, the export reference price for 361 standard sunflower seeds (200-210 seeds per 50g) ranged between $1,650 and $1,680 per tonne. For the 190-200 seeds per 50g category, the export reference price was slightly higher, at $1,680 to $1,700 per tonne.

The summer slump in the Tianjin sunflower seed market underscores the challenges faced by traders and exporters during the off-peak season. While prices have remained stable due to limited high-quality supplies, the overall decrease in sales volumes highlights the importance of closely monitoring market trends. As the season progresses, the arrival of new season goods could potentially shift market dynamics, making it essential for stakeholders to stay informed on price movements and supply availability.