Romania. A sharp increase in sunseed prices

Romanian sunseed price rises, despite the start of harvesting. FOB Constanta printed 585 USD/mt last week, up 30 USD/mt w/w and +103 USD/mt y/y.

It’s bid as MARS slashed RO sunseed yield to 1.49 mt/ha in August, 20% below 5-yr avg. Romanian agro meteorologists ANM shows workable moisture only in the North/Northeast where harvest is delayed into mid-September. South and West already cutting with weak yields, local crushers pulling harder. Oil content in the south still decent 40-42% but expect much better in the North.