
The global sunflower seed market is facing one of the most significant production drops in the past four years. According to the International Grains Council (IGC), global production has decreased by approximately 12.4 percent compared to last year.
The impact of supply constraints in Vietnam has driven robusta prices to record levels, with London robusta futures hitting $3,948 per tonne. Arabica futures in New York have also surged to $2.34 a pound. The sharp increase in coffee prices has raised concerns among industry players, including Italian coffee company Lavazza, which cited falling profitability due to rising coffee prices. Adverse weather conditions in Brazil, the world's largest producer of arabica beans, have also contributed to the rise in prices.