About Sunflower Seed: A Sunflower Seed is basically a fruit of sunflower, which is also known as Helianthus annulus. The types of Sunflower Seeds which are commonly used include, linoleic, high oleic, and sunflower oil seeds. Each variety comes with its own unique properties of monounsaturated, saturated, and polyunsaturated fats.
Get the latest insights on price movement and trend analysis of Sunflower Seeds in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
The average import price per tonne of sunflower seeds in April 2022 was USD 1,660, an increase of 16% from the previous month. It climbed at an average monthly pace of +10.5% over the previous three months. When the average import price rose by 32% in February 2022 compared to the prior month, the growth rate appeared to be at its fastest. The import price reached its peak in April 2022 and is anticipated to continue growing in the near future.
Russia and Ukraine are the two countries that were the world's biggest exporters of sunflower oil in 2021, with Ukraine selling 5.1 million tonnes of oil and Russia 3.1 million. Sunflower seeds price before the Russia-Ukraine war was £500-600 per tonne. In Q2 of 2022, sunflower seeds price was around £120 per tonne.
Sunflower has a maximum price of 7620 INR/quintal in Bellary, India and a minimum price of 3100.00 INR/quintal in Adoni, according to current market values. Across all kinds, the average price per quintal was 6493 INR as of 31st March, 2022.
Due to a large rise in worldwide supply this year, sunflower seed prices are expected to remain constant. In February 2022, average sunflower seed prices in the United States were 32 USD/cwt or 630 USD/MT.
Sunflower seed prices were over 6,015 INR/quintal in fiscal year 2022. This represented an increase above the prior fiscal year's purchase price. In fiscal year 2020, the South Asian nation consumed around 2.8 MMT of sunflower seed oil. The price in China is expected to range between 1.29-1.23 USD/kg in 2022.
According to EUROSTAT, the area under cultivation in France of sunflower seed was 698.85 thousand hectares in December 2021. In 2022, the price in France is expected to be in the range of 0.79-0.81 USD/kg. In Marseille and Paris, the average price of a tonne is USD 793.07.
Sunflower seed prices towards the end of the quarter were between 3.9-4.31 USD/kg, which is expected to continue in 2022. In New York and Washington, the average price of a tonne was USD 3901.75.
Late in the quarter, sunflower seed prices were expected between 0.65 and 0.95 USD/kg in Argentina. In Cordoba and Buenos Aires, the average price of a tonne was USD 647.64. Seeds in Brazil are expected to cost between 0.78-1.08 USD/kg in 2022.
For First, Second and Third Quarters of 2021
The average procurement price of the seeds in India in fiscal year 2021 was about 5885 INR/quintal. This was a marginal increase over the previous fiscal year's purchase price. In China, the average price rose by 21.72% year-on-year. This value continued to display a flat trend beginning from the third week of January 2021 through July 2021. The price in August was poised at 2.20 USD/kg. Demand for Chinese seeds has been constant over the past two years. Positive development may be noted in Egypt, Iraq, and Spain. China is still the world's second-largest exporter as it is backed by consumption, which is still at its highest level.
EU sunflower goods gradually became more attractive as prices fell dramatically between March and June, particularly as its oil costs fell to one of the lowest in the vegetable oil complex. Its relative competitiveness with soyabean and rapeseed oils improved dramatically during the last quarter. On the demand side, market players anticipated that EU sunflower oil consumption for energy reasons would increase in the next marketing year (MY), exerting upward pressure on its prices. The seed processing in the EU may reach a record high of 9 MMT in 2022–22 MY owing to a larger crop of 10.5 MMT, according to Oil World.
According to rates at the region's crush facilities as of Jan. 19, NuSun sunflower was offered at Cargill in West Fargo, North Dakota, for 20 USD/hundredweight for February delivery. For February delivery, the price at ADM in Enderlin, North Dakota, was 19.55 USD/hundredweight.
For the Year 2020
Asia-Pacific is the world's largest consumer of sunflowers, accounting for 30% of the worldwide market. The market in this region is being driven by rising disposable incomes and an improved awareness of health issues. Consumers of edible oils in India are increasingly turning to this oil, which has seen a fivefold increase in use over the last 15 years. On a country-by-country basis, India is the leader in exports, followed by Pakistan. The seeds were procured at a cost of more than 5,650 INR/quintal in fiscal year 2020. This is an increase of 4.8% above the previous fiscal year's purchase price. In fiscal year 2020, South Asian nations consumed around 2.8 MMT of sunflower seed oil.
France is the largest importer of sunflower seeds, accounting for 18% of the total imports in 2018. The cultivation area increased to a record high of 778.40 thousand hectares in December 2020. France also participated significantly in intra-European sunflower seed commerce, accounting for 8.5% of the intra-European import market. Due to a decline in domestic output, French imports surged at a rapid annual rate of 41% in volume and 34% in value during the previous five years. Argentina is the major developing country that sends the commodity to France.
According to rates at the region's crush facilities, ADM in Enderlin, North Dakota, offered NuSun sunflower for 19.50 USD per hundredweight for January delivery, while Cargill in Fargo, North Dakota, listed it at 19.35 USD. Prices were advertised as 18.70 USD at Enderlin and 18.75 USD at Fargo for February delivery. Following a long-term downturn, the sunflower market for bird seed in 2019 was likely lower than it has been for years. On the other hand, the pandemic changed everything. Since March 2020, when families all around the world found themselves spending an inordinate amount of time at home, a fresh interest in attracting birds to backyards and porches has started (or re-ignited) across all generations. As a result, increased demand for bird food led to a rise in the demand for sunflowers.
Procurement Resource provides latest prices of Sunflower Seed. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Sunflower Seed for several regions around the globe, which are as follows:
Production of Sunflower Seeds involves the basic process of growing and harvesting sunflower plants, followed by seed separation. These seeds are further roasted based on consumer preference and then packaged and sold.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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