Despite concerns over Ukraine’s ability to export organic corn, European organic corn prices are stable. Organic wheat prices are trading in a wide range between €330-360. Prices will likely continue to rise as it becomes more challenging to find organic cereals. One commodity that has already seen a surge in prices is European organic sunflower seeds.
Merchandisers tell Fastmarkets/The Jacobsen that organic sunflower seed prices have recently jumped 25% to €850 per metric ton. Europeans have been using sunflower cake as a replacement for organic soybean cake of meals, and this rapid increase will not help the organic feed consumers. Organic sunflower cake prices are currently quoted in the €650-720 range, depending on location in Europe.
Fortunately, several large bulk vessels from China are expected to land in Europe soon. The sizeable imports of Chinese organic soybean meals have kept prices near €1120-1150 per metric ton. This level is down from the €1200-1300 per…
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