Summer Seed Kernel Market Enters Off-Season with Stable Prices

Summer Seed Kernel Market Enters Off-Season with Stable Prices

Spread the news!

Decreased Demand from Food Factories

Market participants have reported that the summer seed kernel market has entered its off-season. This period is characterized by a decrease in demand from food factories compared to the previous year. Despite this reduced demand, prices have remained stable.

End of Traders’ Liquidation Phase

The liquidation phase for traders is coming to an end. On the export side, purchases from key markets in the Middle East, Europe, and Southeast Asia have decreased year-on-year. Additionally, the influx of low-priced raw materials from Europe continues to impact export markets.

Current Pricing for Sunflower Seeds

This week, the reference price for confectionery grade sunflower seeds at Tianjin or Dalian ports ranged from $1,260 to $1,290 per tonne. Meanwhile, bakery grade sunflower seeds were priced between $1,170 and $1,200 per tonne.

Mintec Global

Comment

The stability in prices amidst decreasing demand highlights the resilience of the summer seed kernel market. As the off-season progresses, stakeholders will need to monitor international market trends and raw material costs closely to navigate potential fluctuations. Ensuring a strategic approach to inventory and supply chain management will be crucial for maintaining stability and meeting market demands in the coming months.

 

Product  Name

Chinese Sunflower kernel

Moisture 10% max
Confection USD 1260-1290/mt – EURO 1157-1185/mt
Bakery USD 1170-1200/mt – EURO 1075-1102/mt
Purity 99.95%
Loading 17mt /20GP
Package 25kg paper bag
Delivery 20 days after the contract