Romanian sunseed price finally exceeded last year level

UkrAgroConsult

Article author:

Svitlana Kupreeva

Oilseed Market Analyst

According to the price monitoring of UkrAgroConsult, Romanian sunseed gained USD 25/mt over the week of August 2-9 (FOB Constanta). Current price is now USD 10/mt higher y/y due to the weather risks.

In June-August, severe drought and excessive temperatures were in Romania. Crop conditions may gradually deteriorate; as soil drought of various intensity is now seen in almost all regions without irrigation. This reduces accumulations of dry matter and promotes small-diameter of sunflower heads with lower quality and yields.

Some farmers in the southern and eastern areas have already started sunseed harvesting.

Further development of the oilseed and vegoil sector in the Black Sea and Danube region will be discussed at the 10^th International Conference BLACK SEA OIL TRADE on October 15^th in Bucharest.

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Tags: Romania, prices, sunseed, crop condition