Crude sunflowerseed oil export quotations in Ukraine reach season's lowest so far 2021/22

Published 2021년 12월 16일

Tridge summary

Ukrainian export quotations for crude sunflowerseed oil have hit their lowest point since the start of the 2021/22 season, largely due to weak external demand and decreased quotations for other vegetable oils. This is reflected in the significant drop in January-February sunflowerseed oil offer prices, which have fallen by nearly 100 USD/t per week to 1305-1310 USD/t FOB. Additionally, the total sunflowerseed production in Ukraine for 2021 is projected to reach 16.1 million tons, with 99% of the area already harvested. Ukroilprom anticipates a 24% year-over-year increase in sunflower oil production in Ukraine for the 2021/22 season.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Export quotations for crude sunflowerseed oil from Ukraine fell to the lowest level since the beginning of the 2021/22 season (September-August) driven by weak external demand and lower quotations for other vegetable oils, Refinitiv Agriculture reports. External demand for sunflower oil has been low for several weeks due to importers' reluctance to buy high-priced sunflower oil. Refinitiv monitoring suggests that January-February sunflowerseed oil offer prices lost almost 100 USD/t per week and fell to 1305-1310 USD/t FOB. CPT sunflower oil prices lost USD 65 and fell to 1285-1295 USD/t for the December-January loading period. Sunflower purchasing prices in Ukraine have also fallen to UAH 18,500-18,800 per t CPT plant, but sales volumes from farmers have remained tight. "Farmers choose to hold back sunflower, expecting the prices to strengthen, even despite high production volumes," said one Ukrainian trader. As per Refinitiv data, sunflowerseeds production in ...

Source: Latifundist