<img alt="" src="https://secure.item0self.com/192027.png" style="display:none;"> Top Stories

Poppy seed prices fall as production in central Europe increases

October 2, 2020

1 mins read

The Mintec price of Czech poppy seed delivered to Germany fell 9% in the four-week period to 23rd September to EUR 2.10/kg, with the price also declining by 24% year-on-year (y-o-y), mirroring the farm-gate market in neighboring Czech Republic.

This decline in market prices coincides with an increase in poppy seed production in Czech Republic, where output in 2020/21 is projected to reach 29,150 tonnes, according to the Czech Statistical Office (CSU), following an expansion in production area and a slight increase in production yields. In the current season, poppy seed was cultivated on an estimated 40,255 hectares (ha), up 12% y-o-y from 35,778 ha in 2019/20. The current production yield is anticipated to reach 0.72 tonnes/ha.

The start of the 2020/21 growing season was challenging, due to drought conditions primarily in the south-eastern growing regions, reported in March and April. This fuelled concerns over quality and production volumes. However, increased precipitation between May and July improved vegetation conditions and raised crop prospects.

Prices have been also weighed down by ample warehouse inventories, with Czech poppy seed stocks reported at 7,352 tonnes in January 2020, in comparison to 3,060 tonnes in January 2019, according to data from the CSU.

Czech Republic is the top blue poppy seed producer and exporter, accounting for a large majority of global blue poppy seed exports. In Europe, blue poppy seed is extensively used in the baking industry.

Jara Zicha
Jara Zicha

/You May Also Like

Featured Image
  Exchange-traded cocoa prices have been on a wild upswing, rising...
Featured Image
The pandemic has had a significant impact on the nuts market from...