Demand prices for sunflower in Ukraine approached a historical maximum

게시됨 2024년 11월 7일

Tridge 요약

The article highlights the difficulties faced by sunflower oil processors in Ukraine, as farmers limit raw material sales, causing supply shortages and price hikes. Despite a notable increase in processing to 1.19-1.2 million tons in October, processors face low reserves, prompting some to switch to soybeans. Sunflower processing has surpassed last year's levels by 4% for September-October, but future rates hinge on sales, production forecasts, and foreign demand. Sunflower exports rose in October, mainly to Spain, while sunflower oil prices in Odessa ports increased by at least $20 per ton.

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원본 콘텐츠

Restraining the sale of raw materials by farmers, as before, creates difficulties for processors, limits the supply of sunflower oil from the Black Sea region for more distant periods and acts as a supporting factor for prices in this sector. This was reported by IA "APK-Inform". Thus, the demand prices for sunflower in Ukraine approached the historical maximum for the industry, reaching UAH 25,500-27,000/t of SRT. Nevertheless, the processing of this oil mill gained momentum in October, exceeding last year's figure and amounting, according to our estimate, to about 1.19-1.2 million tons (+38% to September and +8% to October 2023). Such rates of processing are determined by the obligations of factories under export contracts for sunflower oil. But since farmers do not actively sell raw materials, processing enterprises do not have the usual for this period oil reserves (usually for 2-3 months of work) and work almost "from wheels". Companies that have their own sunflower grown at ...

출처: Agrotimes