The AUDITOR

10.03.2023 Weekly Edition Issue 09-2023

Pumpkin seeds, China

No chance of downswing
DALIAN. Several factors are determining the Pumpkin kernels, China
prices for pumpkin seeds in China. Prospects are Type USD/mt
also far from encouraging for the new season. GWS, grade A 3,300
GWS, grade AA 3,440
Speculators set prices
Prices continue to surge in China‘s pumpkin seed Shine Skin, grade A 3,230
market and there is little chance that they will Shine Skin, grade AA 3,770
decline in the near future. Limited supplies are Shine Skin, organic, grade A 3,900
the main driver as this renders it easy for specu- Shine Skin, organic, grade AA 4,030
lators, who hold large shares of the remaining CFR EMP
volumes, to manipulate the market. Much will
depend on how far the supplies traders and pro-
cessors still hold will be able to meet demand
until the arrival of the new crop. Prices will cer-
tainly rise further if these supplies fall short of
demand. A grade shine skin kernels are trading
at USD 3,230/mt CFR EMP and A grade GWS
kernels at USD 3,300/mt CFR EMP.

Farmers to switch to sunflower seeds

Prospects are also far from encouraging for
2023/2024. As pumpkin seed prices have been
anything but attractive for farmers this season
some will certainly switch to other products such
as sunflower seeds for which demand and prices
are high. Farmland has also become much more
expensive in China this year as growers report,
which will add to this trend.

Oilseeds – Dried Fruits – Spices – Nuts – Cereals – Butter

 2 The AUDITOR

Blue poppy seeds, Europe Blue poppy seeds

Drought spells trouble Type Price
<20 ppm morphine, FCA CZ* EUR 2.18/kg
CHRUDIM/ANKARA. Drought is the issue in
<10 ppm morphine, FCA CZ* EUR 2.21/kg
Turkey at present as the lack of rain may reduce
the country‘s blue poppy seed production. Con- Grade A, Turkey, CFR EMP USD 3.25/kg
fusion as to the are sown reigns in the Czech Organic, Turkey, CFR EMP USD 4.25/kg
Republic. Trade sources, *in big bags

Drought in Turkey
Trading is rather subdued in Turkey as many far-
mers are holding back in a bid to drive up prices.
The new crop will arrive in July-August. Trou-
ble, however, is the lack of rain and producers are
really hoping that this will change very soon as
production will suffer otherwise. The prices for
a grade blue poppy seeds have risen sharply to
USD 3.25/kg CFR EMP.
How much will be sown?
Although the market is firm, sowing may decline
Oilseeds

sharply in the Czech Republic this year. As sup-

ply and demand are well balanced many are sim-
ply waiting for new impulses at present. Sowing
has gained a lot of attention as the farmers have
bought less seeds. Sales have, in fact, declined by
as much as 40% and speculation is that the area
sown will drop to 15,000 ha. However, it should
be noted that many producers still hold large
supplies of seeds they can sow from last year.
Facilities also report that cleaning should be
compeletd by the end of April and remaining Flaxseed, Canada and Europe
market supplies of poppy seeds range at an esti-
mated 8,000-9,000 mt in good quality. Produ-
Revised estimates in Canada
cers are still hoping for higher prices, which may OTTAWA/KYIV. Agriculture and Agri-Food
indeed happen in spring as the Czech koruna Canada has revised the estimates downwards for
has recently gained against other currencies. flaxseed in 2023/2024. Sowing has started in
Blue poppy seeds from the Czech Republic with Ukraine and exports were up in Russia in Janu-
a morphine content of <20 ppm are trading at ary.
EUR 2.26/kg DDP Germany.

Please note: The commodity prices indicated in The AUDITOR are not official offers.
Commodity prices are extremely volatile. The latest offers are available on www.mundus-agri.eu.
 The AUDITOR 3

Defiant producers in Ukraine Carry-over supplies will, however, be much hig-

Spring sowing is underway in Ukraine‘s Odesa her this season.
region as the Department of Agro-Industrial
Development of Odesa Oblast has recently
announced. Intention is to sow a total area of
726.000 ha, of which flaxseed will account for
15.000 ha, despite the continuing attacks from
Russia, which render the situation very dange-
rous for farmers. The prices for Eastern European
flaxseed have declined slightly again.

Flaxseed, Eastern Europe

Quality EUR/mt
Brown, 99.9% 790
Golden, 99.9% 890
Peanuts, India
DDP Germany Uncertainty prevails in India
NEW DELHI/ ATLANTA. Hesitation prevails
Trading revives in Canada in India and is slowing down trading as it is

Oilseeds/Nuts
As Rayglen Commodities reports trading has revi- unclear if and in how far the government intends
ved in Canada and demand has risen. Prices are, to intervene in the peanut market. Producers in
however, firm. Importers in China are, curiously, South Amercia have to deal with totally different
issuing more enquiries, which indicates that they problems.
are now buying less in Russia. Agencies, however,
state that Russia exported as much as 62,000 mt Subdued trading
of flaxseed worth USD 31.1 million in January Several things are impacting the market at pre-
and that total exports exceeded 380,000 mt for sent. A hike in the prices for peanut meal has,
September-January, of which 278,300 mt were for instance, prompted processors to step up pro-
shipped to China, followed by 48,900 mt to Bel- duction. Exporting peanut oil to China is, howe-
gium and 16,100 mt to Poland. ver, difficult as suppliers and importers cannot
Agriculture and Agri-Food Canada has, in agree on prices. A high degree of uncertainty, in
addition, issued less optimistic estimates for addition, prevails as the government may restrict
2023/2024 as the area sown is now estimated or perhaps even suspend peanut and peanut oil
at 300,000 ha and production at 420,000 mt. exports. Issue is that several organisations have

Flaxseed, Canada
Flaxseed 2021/22 vs 2022/23 2022/23 vs 2023/24
Area sown (ha) 416,000 315,000 -24.3% 315,000 300,000 -4.8%
Area harvested (ha) 404,000 312,000 -22.8% 312,000 290,000 -7.1%
Yield (mt/ha) 0.83 1.52 83.1% 1.52 1.45 -4.6%
Production (mt) 337,000 473,000 40.4% 473,000 420,000 -11.2%
Imports (mt) 12,000 10,000 -16.7% 10,000 10,000 0.0%
Total supplies (mt) 408,000 565,000 38.5% 565,000 705,000 24.8%
Exports (mt) 219,000 150,000 -31.5% 150,000 400,000 166.7%
Domestic consumption (mt) 107,000 140,000 30.8% 140,000 80,000 -42.9%
Carry-over supplies (mt) 82,000 275,000 235.4% 275,000 225,000 -18.2%
Avg. price in CAD/mt 1,206 695 -42.4% 695 670 -3.6%
Agriculture and Agri-Food Canada, March 2023

Please note: The commodity prices indicated in The AUDITOR are not official offers.
Commodity prices are extremely volatile. The latest offers are available on www.mundus-agri.eu.
4 The AUDITOR

called on the government to adopt stringent Pecans, USA

measures to regulate the prices for peanut oil.
Traders and buyers are reluctant to act as long as
China turns the tables
immediate plans fail to materialise. ATLANTA. Demand for pecans has bounced
back in China. As the USA shipped more than
Uptick in sowing 6 million pounds to here in January the tide has
More and more traders are selling their supplies started to turn for US exports.
in anticipation of further price declines. One
reason is that farmers have started sowing in the Not quite there yet
important producing state Uttar Pradesh and the China, in fact, accounted for more than 60%
area sown is expected to rise by 20% as attractive of the entire 9.175 million pounds exported in
prices have prompted many farms to switch from January as the recent position report issued by
other products such as fenugreek to peanuts. the American Pecan Council shows. Although
Most buyers are only buying what they need and monthly exports also ranged 49% higher in Janu-
prices have declined, bold peanuts, 40-50, are ary 2023 than the 6.143 million pounds shipped
quoted at USD 1,400/mt FOB India. overseas in January 2022, total exports for the
season, however, continue to lag 6% behind last
Peanuts, with skin, India year at 33.828 million pounds. While exports to
Type USD/mt Canada are also 6% down, shipments to Israel
Bold, 40-50 1,400 were relatively firm. Exports to Germany, the
Netherlands and Saudi Arabia have, however,
Bold, 50-60 1,360
declined sharply.
Bold, 60-70 1,345
Nuts

Java, 50-60 1,495 US pecan exports (1,000 pounds)

Java, 60-70 1,410 Destination 2021/22 2022/23 Diff.
Java, 70-80 1,415 China 8,382 9,582 14.3%
FOB India, non-EU quality Canada 8,017 7,505 -6.4%
Israel 2,740 2,766 0.9%
Adverse weather conditions in South UK 2,663 2,534 -4.9%
America Germany 2,864 1,986 -30.1%
Prodcution declines are driving prices in the South Korea 1,490 1,350 -9.4%
United States, which may prompt farmers to Netherlands 2,928 1,219 -58.4%
step up sowing in 2023 as Peanut Post reports.
France 940 1,194 27%
Adverse weather conditions, however, present a
problem for producers in South America. While Spain 779 686 -11.9%
drought reduced yields in Argentina, heavy rains Saudi Arabia 852 564 -33.9%
have forced farmers in São Paulo in Brazil to stop Others 4,406 4,452 1.04%
harvesting for three weeks at least. Aflatoxin cer- Total 36,061 33,828 -6.2%
tainly is a risk here since humidity is high. American Pecan Council, inshell basis, Sep-Dec

Supply is the issue

As Pecan Report, however, states the American
Pecan Council is keen to drive up demand in
countries such as Germany and confidence pre-
vails that this will succeed. Trouble this season,
however, is that handler inventories have decli-
ned to the lowest level seen since 2018/2019,
whereas domestic demand has risen sharply on
last year.

Please note: The commodity prices indicated in The AUDITOR are not official offers.
Commodity prices are extremely volatile. The latest offers are available on www.mundus-agri.eu.
 The AUDITOR 5

Growers are, in addition, not quite satisfied flower counts as of next week. While internatio-
with farmgate prices as they have failed to rise on nal demand is still quite low, domestic demand
last year, which has prompted many to put part is quite good and may pick up with the start of
of their supplies into cold storage in the hope Ramadan approaching. Currency fluctuations
that prices will rise. General supplies will indeed will also be on the agenda in the run up to the
be down next season as growers in Georgia anti- general elections on 14 May. Turkey exported
cipate an off year in production. 5,921 mt of inshells in the week ending on 5
March. Total exports for the season have clim-
Hazelnuts, Turkey & Azerbaijan bed to 180,702 mt worth USD 1.059 billion,
The pressure is on which is just over 20% down on the 224,958 mt
worth USD 1.354 billion registered in the same
ORDU/ZAGATALA. As the first counts are period in 2021/2022.
underway speculations over this year’s hazelnut
crop are rife in Turkey. Exporters have found Hazelnuts, Turkey
themselves in a rather unusual position this Type EUR/kg USD/kg
season as demand is tricky and competition Natural, 11-13 mm 6.05 6.39
fierce. Suppliers in Azerbaijan may be issuing
Diced, 2-4 mm 6.60 6.97
highly attractive offers but are also confronted
with challenges. Meal, 0-2 mm 6.15 6.49
Paste, standard 5.50 5.81
No need to panic DAP Central Europe

Nuts
Attractive offers in Azerbaijan
Although suppliers in Azerbaijan are offering
highly attractive prices for hazelnuts, the current
season is also fraught with challenges. Hazel-
nut kernel exports dipped by 11% to 12,951
mt worth USD 59.7 million between Septem-
ber and January as opposed to the 14,592 mt
registered in the same period in 2021/2022.
According to some local suppliers the first flower This trend is mainly driven by the uncertainties
counts have been highly discouraging. Trouble prompted by the Russia-Ukraine war, as Russia
is that weather conditions are reportedly too is the main market for Azerbaijan. Ferrero’s mar-
good causing the shrubs to develop around three ket dominance is also an issue.
weeks ahead of normal in some places. Although As supplies have run low in the Guba-Kach-
these reports should not be entirely dismissed, maz region in northern Azerbaijan domestic pri-
they are part of the annual game of hit and miss, ces have recently risen. Fortunately, the situation
which is normal for this time of year as the pro- is different in the Sheki-Zagatala region, also in
spects for the new crop take centre stage for pri- northern Azerbaijan, where hazelnuts are avai-
ces along with the risk of frost, which lasts well lable. Apart from this, the market is stable. Sup-
into mid-April. Winter did indeed get off to a pliers report that frost is not an issue and expect
late start, but there has been little need to hit prices to start to come down in mid- summer.
the panic button so far. Reports claiming that The reference prices for hazelnut kernels, 11-13
production will only reach 650,000 mt this year mm, are indeed cheaper than in Turkey and
are rather premature. range at USD 5.83/kg (EUR 5.52/kg) DAP
As the volumes the TMO has recently sold are Germany.
being cracked some suppliers have cut their pri-
ces a bit. Exporters expect prices to stabilise at the
current level until more reliable estimates have
been issued. Ferrero and Mondelez will conduct

Please note: The commodity prices indicated in The AUDITOR are not official offers.
Commodity prices are extremely volatile. The latest offers are available on www.mundus-agri.eu.
 6 The AUDITOR

Dried figs, Turkey Elections to have an impact

Ramadan boosts exports The general elections, which will be held on 14
May, will also have an impact on the market.
AYDIN. With only two weeks to go until Rama- Issue is that president Erdoğan needs to win at
dan demand is up for Turkey’s dried figs. The least 51% of the votes to stay in power and the
presidential elections will also have an impact. election will certainly shape the course of the
Turkish lira. Export prices have remained firm.
Welcome rain
Growers in Aydin are delighted with the rain that Dried figs, Turkey
has finally arrived, any concerns over drought Type USD/mt
have been alleviated for now at least. Exports are Lerida, no 2 6,730
also running at full speed. As Ramadan will start
Lerida, no 3 6,390
on 23 March demand is up in the Middle East.
Lerida, no 4 6,050
Place Your Ad in The AU DITOR

Traders reckon that demand will remain high in

the next two weeks. At 1,388 mt weekly exports Lerida, no 5 5,710
have more than doubled on the 610 mt registe- FOB Izmir
red last year. Total exports for the season are also
up on last year’s 42,150 mt at 41,827 mt.

Please note: The commodity prices indicated in The AUDITOR are not official offers.
Commodity prices are extremely volatile. The latest offers are available on www.mundus-agri.eu.
 The AUDITOR 7

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Commodity prices are extremely volatile. The latest offers are available on www.mundus-agri.eu.
 8 The AUDITOR

Dried apricots, Turkey TMO opts to buy

Defiant mode Malatya Commodity Exchange chairman Rama-
zan Özcan has struck a defiant note. Although he
MALATYA. After heavy earthquakes have shook is confident that „in our organised industrial zones
Malatya in Turkey in recent weeks the market for in Malatya, wheels have started to turn again,“ he
dried apricots its trying its best to return to nor- also highlights that returning to normality will
mality. Challenges, however, prevail. take time as the exchange is presently working
at 30% of its capacity and the „biggest problem
is the destruction of retail business.“ Temporary
bazars are being set up as quickly as possible with
the intention of restoring order, which will help
commercial activities and social life to resume and
bring back the people who have migrated to other
parts of Turkey. Last week the TMO, in addition,
announced that it would buy all products wit-
hout any quotas in place in the areas where the
earthquakes have struck to mitigate any economic
disadvantages.

Massive destruction Firm exports

Dried Fruit

The earthquakes that struck in Malataya, Turkey’s Weekly exports are doing surprisingly well given
leading province for dried apricots, in recent the circumstances. Turkey exported 1,579 mt of
weeks have caused huge destruction. Nearly all dried apricots and related products in the week
buidlings have either been completely destroyed ending on 5 March. This comes relatively close
or damaged and the infrastructure has nearly to the 1,612 mt registered in the same week last
collapsed. Official estimates state that more than year. At 55,268 mt the total exports for the season
100,000 buildings have been heavily damaged are, however, down on the 58,725 mt shipped in
and nearly 600,000 people and their families have the same period in 2021/2022.
had to seek shelter. Yet, the citizens living here are
trying their best to return to normality. Dried apricot exports, Turkey (mt)
Although trading halted after the most recent Type 2021/22 2022/23
heavy earthquake struck on 27 February, market Whole 51,875 48,732
activities have picked up again this week. Labour
Industrial 2,368 2,592
shortage is, however, the main reason why busi-
ness is slow to resume. Another issue is that many Diced 4,482 3,944
warehouse have collapsed and the damages still Total 58,725 55,268
need to be assessed. Although local prices are still 01/08-05/03
fixed, this may change soon. Jumbo varieties are
trading at TRY 120/kg and dried apricots no 1 at
TRY 105-110/kg. Export prices are also firm. Sultanas, Turkey
Dried apricots, Turkey
Winter is back
Size USD/mt MANISA. Sultana producers are breathing a sigh
No 2 6,400 of relief in Turkey. While weather conditions have
been warm in recent weeks, snow is now being
No 4 6,100
reported in Manisa. This is good news for the
No 6 5,400 vineyards.
No 8 4,500
FOB Mersin, 2,000 ppm Growers are relieved
Winter has returned in Manisa after the warm
weather felt like spring in recent weeks. Some gro-

Please note: The commodity prices indicated in The AUDITOR are not official offers.
Commodity prices are extremely volatile. The latest offers are available on www.mundus-agri.eu.
 The AUDITOR 9

wers are even reporting snow in higher altitudes. enabled Iran’s date exporters to offer competitive
Rain has also been forecast this week dissipating prices this season. Exports for 2022 are, howe-
fears of drought. Good news is that the current ver, roughly on par with 2021.
low temperatures will help to prevent the vines
coming out of dormancy too early. The Febru- Roughly on par
ary earthquakes are, however, having a lasting Iran exported 347,830 mt of dates worth USD
impact on Turkey and on the market. Trading 296 million in 2022. Although average export
is still rather subdued. Exporters may be busy prices declined by 3.4% to USD 0.85/kg and
meeting call offs, but demand is low. Buyers are suppliers state that they were able to offer com-
if at all interested in spot market purchases and petitive prices, exports range slightly lower than
are not willing to enter longterm contracts. the 352,009 mt worth USD 309 million regi-
Growers only hold little supplies and trading stered in 2021. Mazafati dates were the most
is subdued at the Izmir Stock Exchange, where popular variety by far as they accounted for as
a grade type 9 sultanas are quoted at TRY 26/ much as 41% of the volumes exported, whereas
kg and type 10 sultanas at TRY 28/kg. Rama- much lower volumes of Zahedi, Shahani and
dan should, however, start to drive up prices very Estamaran dates were shipped. Piarom dates are
soon. Export prices are firm with type 9 sultanas the most expensive variety.
trading at USD 1,550-1,600/mt FOB Izmir.
Date exports, Iran

Dried Fruit
Sultanas, Turkey Type mt 1,000 USD Avg. USD/kg
Type USD/kg Mazafati 143,194 160,521 1.12
RTU grade, type 8, medium 1.45-1.60 Zahedi 63,901 38,964 0.61
Grade A, type 9, STD 1.45-1.65 Shahani 41,096 29,830 0.73
Grade A, type 10, STD 1.80-1.90 Estameran 40,918 17,056 0.42
Organic, grade A, type 9 1.80-2.10 Kaloote 37,992 22,881 0.60
FOB Izmir Kabkab 8,794 8,085 0.92
Piarom 4,132 13,208 3.20
Khasoei 528 516 0.98
Others 7,266 5,261 0.72
Total 347,830 296,323 0.85
Iran customs, 01/01-31/12/2022

Sharp rise in domestic prices

While a hike in demand for the new crop drove
up prices in October through to December
2022, the situation turned in January and prices
Exports up and running slipped until the start of February. Exchange rate
With weekly exports recently reaching 4,222 fluctuations are now, however, driving the mar-
mt the volumes shipped are higher than the ket as the Iranian rial has recently gained some
3,644 mt registered in the same period last year. support and caused prices to climb again. Dome-
Total exports for the season have also climbed to stic prices have also risen sharply in recent weeks.
134,430 mt thereby exceeding the 133,815 mt Premium Mazafati dates are presently trading at
shipped last year. EUR 1.52/kg (USD 1.61/kg), Zahedi dates at
EUR 1.11/kg (USD 1.18/kg) and Piarom dates
Dates, Iran at EUR 4.06/kg (USD 4.29/kg) FOB Iran for an
Prices fail to lift exports order volume of 1 mt.

TEHRAN. Exchange rate fluctuations have

Please note: The commodity prices indicated in The AUDITOR are not official offers.
Commodity prices are extremely volatile. The latest offers are available on www.mundus-agri.eu.
10 The AUDITOR

Saffron, Iran and international prices. While prices have risen

Not as it seems in the domestic market this season, export prices
have dipped. Issue is the depreciation of the Ira-
TEHRAN. Iran’s top three export destinations nian rial. Prices, however, started to recover again
for saffron comprise the United Arab Emirates, in mid-February.
Spain and China. Not everything is, however,
quite as straightforward as it may seem. Suppliers Saffron, Iran
also report a huge price gap. Premium quality EUR/kg USD/kg
Bunch, Dasteh 743 793
Pushal 829 884
All Red Sargol 892 951
Negin 956 1,019
FOB Iran, order volume 10 kg

Cumin, Iran
U-turn
TEHRAN. Iran’s cumin exports rose by more
Taking advantage than 28% in 2022 as compared with 2021. Tur-
According to official customs statistics Iran expor- key, the United Arab Emirates and Japan are the
Spices

ted more than 213,000 kg of saffron worth USD most important export destinations. Prices have
198 million in 2022. The United Arab Emirates, taken a rather surprising turn.
Spain and China are the most important export
destinations by far for Iran. Yet, this is only the
half the story.
Issue are the financial sanctions, which divert
the flow of goods. As suppliers explain the United
Arab Emirates act as an intermediary country for
Iranian products, forwarding saffron on to many
other destinations including the United States,
Canada and European countries. Spain also takes
advantage by purchasing saffron cheaply in Iran,
rebranding it and selling it on at considerably hig-
her rates to other countries, especially in Europe.
Spain is also the largest producer in Europe.

Saffron exports, Iran

Top 3 mt 1,000 USD Avg. USD/kg
UAE 71,856 77,072 1,073
Spain 41,720 43,399 1,040
China 28,081 30,343 1,081
Others 71,386 47,725 668
Total 213,043 198,539 932
Iran customs, 01/01-31/12/2022

Prices drift apart

Another issue is the price gap between domestic

Please note: The commodity prices indicated in The AUDITOR are not official offers.
Commodity prices are extremely volatile. The latest offers are available on www.mundus-agri.eu.
 The AUDITOR 11

Exports 28% up Cumin, dried black, Iran

According to official customs statistics Iran Grade EUR/kg USD/kg
exported 1,876 mt of cumin worth USD 3.699 Premium 9.17 9.67
billion in 2022, a 28% rise on the 1,450 mt
Grade A 6.71 7.08
worth USD 2.888 billion shipped overseas in
2021. This uptick in demand was sparked by Grade B 5.37 5.66
the good quality of the 2022 crop and the fact FOB Iran, order volume 1 mt
that sufficient supplies are available this season.
At USD 1.98/kg average export prices, however, Chickpeas, India
only ranged marginally lower in 2022 than the
USD 1.99/kg registered in 2021.
Arrivals pick up
Turkey, the United Arab Emirates and Japan NEW DELHI/OTTAWA. With arrivals picking
are three most important export destinations by up in India the market has come under pressure.
far for Iran. However, it should be noted that Exports are up in Canada.
the first two countries are re-exporters of many
Iranian products, including cumin. Japan is the
most important destination in southeast Asia
and France in Europe, although the volumes
shipped to here are relatively small.

Cumin exports, Iran

Pulses
Destination mt USD
Turkey 475 948,346
UAE 442 884,911
Japan 410 817,383 Rise in production in India
Pakistan 250 499,120 While the prices for chickpeas, 42-44 (12 mm),
Iraq 211 398,923 still ranged at USD 1,700/mt FOB India at the
France 33 66,471 start of February, they have now slipped to USD
Others 46 84,371 1,450/mt FOB. This trend is driven by the fact
that new crop arrivals are picking up in the lea-
Total 1,867 3,699,525
ding producing states Maharashtra, Madhya
Iran customs, 01/01-31/12/2022 Pradesh and Karnataka.
As the farmers stepped up sowing production
U-turn in prices should rise, which is adding pressure. Stocks are,
Although the depreciation of the Iranian rial however, running low, which is giving the mar-
certainly weighed on export prices until the ket some support and should help to provide
end of January, the situation started to turn some temporary stability. Traders still prefer to
in February and prices have climbed in recent wait until arrivals gain momentum and prices
weeks. Demand is, however, not the only issue decline sharply. The quality will also improve in
as exchange rate fluctuations also come into play. the next few weeks as the peas will contain less
The recent visit of Rafael Grossi, the head of moisture.
the International Atomic Energy Agency (IAEA),
on 5 March has raised hopes that the country Chickpeas, India
will start cooperating with the west again and Type USD/mt
has given the rial some strength. Iran’s central 42-44 (12 mm) 1,425
bank, in addition, permitted exchange offices to
44-46 (11 mm) 1,410
buy foreign currencies gained from petrochemi-
cal and mineral exports. Prices have also risen in 46-48 (10 mm) 1,400
the domestic market. 58-60 (9 mm) 1,345
FOB India

Please note: The commodity prices indicated in The AUDITOR are not official offers.
Commodity prices are extremely volatile. The latest offers are available on www.mundus-agri.eu.
 12 The AUDITOR

Product EUR/mt Diff.

Almond meal, blanched, 0 - 2 mm; food, nuts; DDP (Germany); USA 4,550 0.00%

Almond meal, blanched, 0 - 2 mm; food, nuts; EXW (Spain); USA 4,400 0.00%

Almonds, blanched, +14, Valencia; food, nuts; EXW (Spain); Spain 5,800 0.00%

Almonds, blanched, 12/14, Valencia; food, nuts; EXW (Spain); USA 5,200 -1.89%

Almonds, blanched, 27/30, California SSR; food, nuts; EXW (Spain); Spain 4,450 0.00%

Almonds, blanched, diced, 2-4 mm; food, nuts; DDP (Germany); USA 4,750 +5.56%

Almonds, blanched, diced, 2-4 mm; food, nuts; EXW (Spain); USA 4,600 +5.75%

Almonds, blanched, sliced, 0.7 - 0.9 mm; food, nuts; EXW (Spain); USA 5,000 0.00%

Almonds, blanched, sliced, 0.9 - 1.1 mm; food, nuts; DDP (Germany); USA 5,050 +1.00%

Almonds, blanched, slivered; food, Nnts; EXW (Spain); USA 4,850 +5.43%

Almonds, natural, +14 Valencia; food, nuts; EXW (Spain); Spain 4,700 0.00%

Almonds, natural, 12/14, Valencia; food, nuts; EXW (Spain); Spain 4,200 -2.33%

Almonds, natural, 13/14, Largueta; food, nuts; EXW (Spain); Spain 6,850 0.00%
Price Over view

Apricots, dried, diced, 5 x 8 mm; food, fruits, dried; FOB (Mersin; Turkey 5,711 -0.87%

Apricots, dried, sulphured, No. 2; food, fruits, dried; FOB (Mersin); Turkey 6,012 -0.86%

Apricots, dried, sulphured, No. 4; food, fruits, dried; FOB (Mersin); Turkey 5,730 -0.87%

Arabica coffee, category A, sieve 18; food, coffee; EXW (CBOT); USA 3,656 -3.48%

Blue poppy seeds, morphine < 25 ppm, 99.9% purity; food, oilseeds; CFR (Hamburg); Turkey 3,047 +1.74%

Blue poppy seeds, morphine < 25 ppm, 99.9% purity; food, oilseeds; DDU (Germany); Czech Republic 2,260 +0.44%

Buckwheat, hulled, 99.95% purity; organic food, grain; CFR (Hamburg); China 1,337 0.00%

Butter, lightly acidulated; food, milk products; EXW (Germany); Germany 4,650 -4.42%

Butter, lightly acidulated; food, milk products; EXW (Poland); Poland 4,900 -2.00%

Cocoa beans; food, cocoa / chocolate; EXW (CBOT); USA 2,589 -1.60%

Coconut oil; food, oils; FOB (Indonesia); Indonesia 1,607 +1.32%

Coriander seeds; food, spices / herbs; EXW (India); India 887 +0.23%

Corn, long positions; food, grain; EXW (CBOT); USA 225 -2.60%

Corn, short positions; food, grain; EXW (CBOT); USA 228 -2.98%

Corn, yellow, 99.5% purity; food, grain; EXW (MATIF); France 260 -4.76%

Desiccated coconuts, fine; food, fruits, dried; FOB (Indonesia); Indonesia 1,233 +1.31%

Desiccated coconuts, medium; food, fruits, dried; FOB (Indonesia); Indonesia 1,328 +1.37%

Desiccated coconuts, medium; food, fruits, dried; FOB (Philippines); Philippines 1,716 +1.30%

Desiccated coconuts, medium; food, fruits, dried; FOB (Sri Lanka); Sri Lanka 1,571 +1.29%

Figs, dried, no 2, Lerida; food, fruits, dried; FOB (Izmir); Turkey 6,322 -0.86%

Figs, dried, no 4, Lerida; food, fruits, dried; FOB (Izmir); Turkey 5,683 -0.85%

Flaxseed, brown, 99.9% purity; organic food, oilseeds; CFR (Hamburg); China 1,500 -0.46%

Flaxseed, brown, 99.9% purity; food, oilseeds; DDP (Germany); Eastern Europe 790 -2.47%

Ginger, dried, NUGC quality, food, spices / herbs, FOB (India) 2,361 +5.12%

Granulated sugar, EEC cat. II, medium; food, sugar / sugar products; DDP (Germany); EU 1,050 0.00%

Please note: The commodity prices indicated in The AUDITOR are not official offers.
Commodity prices are extremely volatile. The latest offers are available on www.mundus-agri.eu.
 The AUDITOR 13

Product EUR/mt Diff.

Hazelnut kernels, blanched, diced; food, nuts; DDP (Germany); Turkey 6,600 -0.75%

Hazelnut kernels, natural, 11/13 mm; food, nuts; DDP (Germany); Turkey 6,050 -2.42%

Hazelnut meal, natural; food, nuts; DDP (Germany); Turkey 6,150 -2.38%

Hazelnut paste, medium; food, nuts; DDP (Germany); Turkey 5,500 -4.35%

Millet, hulled, 99.9% purity; organic food, grain; CFR (Hamburg); China 1,404 +0.07%

Milling wheat; food, grain; EXW (MATIF); France 264 -4.35%

Milling wheat, short positions; food, grain; EXW (CBOT); USA 232 -6.07%

Oat, long positions; food, grain; EXW (CBOT); USA 224 +2.28%

Oat, short positions; food, grain; EXW (CBOT); USA 224 +3.23%

Peppercorns, black, 500 g/l, food, spices / herbs, FOB (India) 6,230 +0.86%

Pumpkin seeds, GWS, Grade A, 99.95% purity; food, oilseeds; CFR (Hamburg); China 3,109 +0.81%

Pumpkin seeds, GWS, Grade A, 99.95% purity; organic food, oilseeds; CFR (Hamburg); China 4,795 -0.04%

Pumpkin seeds, GWS, Grade AA, 99.95% purity; food, oilseeds; CFR (Hamburg); China 3,241 +0.75%

P rice Over view

Pumpkin seeds, hulled, shine skin, Grade A, 99.95 % purity; food, oilseeds; CFR (Hamburg); China 3,043 +0.53%

Pumpkin seeds, hulled, shine skin, Grade AA, 99.95% purity; food, oilseeds; CFR (Hamburg); China 3,552 +0.65%

Pumpkin seeds, hulled, snow white, Grade A, 99.95% purity; food, oilseeds; CFR (Hamburg); China 3,344 -0.15%

Raisins, sultanas, grade A, type 10, standard; food, fruits, dried; CFR (Hamburg); Turkey 1,850 +0.33%

Raisins, sultanas, grade A, type 9, jumbo; food, fruits, dried; CFR (Hamburg); China 1,242 +1.31%

Raisins, sultanas, grade A, type 9, standard; food, fruits, dried; CFR (Hamburg); Turkey 1,560 0.00%

Raisins, sultanas, grade A, type 9, standard; food, fruits, dried; CFR (Hamburg); China 1,242 +1.31%

Raisins, sultanas, grade A, type 9, standard; organic food, fruits, dried; FOB (Izmir); Turkey 1,785 +0.39%

Raisins, sultanas, RTU-grade, type 9, jumbo; food, fruits, dried; CFR (Hamburg); China 1,404 +1.37%

Raisins, sultanas, RTU-grade, type 9, standard; food, fruits, dried; CFR (Hamburg); China 1,404 +1.37%

Rapeseed; food, grain; EXW (MATIF); France 499 -6.03%

Raw sugar; food, sugar / sugar products; EXW (CBOT); USA 442 +4.74%

Sesame seeds, hulled, mechanically dried, 99.95% purity; food, oilseeds; CIF (Hamburg); India 2,356 -3.20%

Sesame seeds, natural, 99.95% purity; food, oilseeds; CIF (Hamburg); India 2,065 -9.39%

Soybean oil, refined; food, oils; EXW (CBOT); USA 1,190 -7.54%

Soybeans, crushed, long positions; food, grain; EXW (CBOT); USA 497 +3.11%

Soybeans, crushed, short positions; food, grain; EXW (CBOT); USA 507 +3.26%

Soybeans, dried, long positions; food, pulses; EXW (CBOT); USA 520 0.00%

Soybeans, dried, short positions; food, pulses; EXW (CBOT); USA 524 +0.19%

Sunflower kernels, hulled, bakery, 99.95% purity; food, oilseeds; CFR (Hamburg); China 1,764 -0.34%

Sunflower kernels, hulled, bakery, 99.95% purity; organic food, oilseeds; CFR (Hamburg); China 1,933 +0.73%

Sunflower kernels, hulled, bakery, 99.95% purity; food, oilseeds; DDP (Germany); Eastern Europe 1,080 -1.82%

Sunflower kernels, hulled, confection, 99.95% purity; food, oilseeds; CFR (Hamburg); China 1,830 -0.87%

Sunflower kernels, hulled, confection, 99.95% purity; organic food, oilseeds; CFR (Hamburg); China 1,906 -0.31%

Sunflower seeds, unhulled, black; food, oilseeds; CPT (Varna); Bulgaria 500 -5.66%

Please note: The commodity prices indicated in The AUDITOR are not official offers.
Commodity prices are extremely volatile. The latest offers are available on www.mundus-agri.eu.
 14 The AUDITOR

These are the prices the suppliers may ask for...

...for pruchases in the origins today. All prices are in EUR/kg, based on the current USD exchange
rate and are indicated ex warehouse in Europe.

Please consider that prices can change, depending on when the suppliers made their purchases.
If purchased today, it takes four to six weeks until the products arrive in Europe.
Eastern Europe Price Blue poppy seeds Price Sesame seeds (India) Price
Flaxseed, brown € 0.83 Czech Republic € 2.37 natural € 2.24
Sunflower kernels, bakery € 1.13 Turkey € 3.34 hulled, mechanically dried € 2.55

Pumpkin kernels (China) Price Dried figs (Turkey) Price Almonds (Spain) Price
grown without shell, grade AA € 3.49 Lerida, no 2 € 6.93 Valencia, 12/14, natural € 4.43
shine skin, hulled, grade AA € 3.82 Lerida, no 3 € 6.58 Valencia >14, natural € 4.94
snow white, hulled, grade A € 3.60 Lerida, no 4 € 6.23 Largueta, 13/14, natural € 6.85

Sultanas Price Hazelnuts (Turkey) Price Apricots (Turkey) Price

Price Over view

grade A, standard, China € 1.38 diced, 2 - 4 mm € 6.67 dried, no 2 € 6.59

grade A, jumbo, China € 1.38 natural, 11 - 13 mm € 6.11 dried, no 4 € 6.28
Type 9, grade A, med., Turkey € 1.64 meal, 0 - 2 mm € 6.21 dried, no 6 € 5.56
Type 10, grade A, med., Turkey € 1.94 paste € 5.56 dried, no 8 € 4.64

The latest offers are available on www.mundus-agri.eu.

Company Details
Mundus Agri
Breslauer Strasse 10
64342 Seeheim-Jugenheim, Germany
Phone: 0049 6257 94295-20
Trade Register No.: HRB 93555
CEO: Jakob Megow
Vat. Register No.: DE296572901

Editorial Department
News, statistics and charts: Regina Pflüger
News, price updates and social media: Elaine Reinhard
News, price updates and charts: Sabine Rippberger
News and price updates: Volker Lindloff
Advertisements and memberships: Carsten Megow

Reprints are permitted only after explicit written permission by the publisher. This also applies to the recording of this
material into databases and copying onto CD-ROM.
Der AUDITOR is issued once a week and is solely available on a Dedere membership basis. All reports and price charts
are also available on www.mundus-agri.eu.
ISSN 2702-7759

Layout: Elaine Reinhard Images: Adobe Stock

Please note: The commodity prices indicated in The AUDITOR are not official offers.
Commodity prices are extremely volatile. The latest offers are available on www.mundus-agri.eu.