Recent Developments
Market feedback from participants in China’s sunflower seed industry indicates a gradual stabilization of prices, driven by robust demand particularly from the Middle East market. Recent fluctuations, including a rise in raw sunflower seed prices, have resulted in a backlog of export orders. In response, some Chinese importers have turned to European suppliers, taking advantage of lower prices to fulfill domestic market demand.
Price Trends
During the week, the reference prices for confectionery-grade sunflower seeds ranged from US$1,490 to US$1,530 per tonne, while baking-grade sunflower seeds were priced between US$1,500 to US$1,530 per tonne. These prices are quoted FOB (Free on Board) Tianjin or Dalian.
Market Dynamics
The stability in market prices, coupled with sustained demand from the Middle East, reflects the resilience of the sunflower seed market amidst evolving supply chain dynamics. Importers and exporters are closely monitoring price movements and adjusting their strategies accordingly to capitalize on emerging opportunities.
Outlook
As market participants navigate through changing conditions, continued vigilance and adaptability will be essential to optimize trade opportunities and ensure the smooth functioning of the sunflower seed market. With demand remaining strong, stakeholders are cautiously optimistic about the market outlook in the near term.
Current Market Price in Fob Tianjin, China for sunflower kernel
Product Name |
Chinese Sunflower kernel |
| Moisture | 10% max |
| Confection | USD 1490-1530/mt – EURO 1369-1406/mt |
| Bakery | USD 1500-1530/mt – EURO 1378-1406 /mt |
| Purity | 99.95% |
| Loading | 17mt /20GP |
| Package | 25kg paper bag |
| Delivery | 20 days after the contract |