Export prices for Ukrainian sunflower oil exceeded $ 1250 / t

Published 2021년 1월 22일

Tridge summary

Ukrainian sunflower oil export prices have increased to $1260 per ton on January 21, 2021, due to both domestic factors and global vegetable oil market trends. The rise in prices is attributed to a decrease in the supply of commercial sunflower seeds and a growing trend in the global market for vegetable oils. Factors contributing to this trend include a strike in Argentina, which has affected the soybean complex, and a potential rise in palm oil prices this season, amid declining global vegetable oil supply. However, the coronavirus pandemic could impact vegetable oil trade by leading to quarantine restrictions and lower demand.

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

Original content

Export prices for Ukrainian sunflower oil have risen once again and, as of January 21, 2021, the price on the terms of supply of FOB Black Sea ports amounted to $ 1260 per 1 ton. This was reported by the analytical company Agritel. Sunflower oil prices continue to rise under the influence of both domestic factors and the pressure of global vegetable oil market trends in general. Thus, in the domestic market there is an insufficient supply of commercial sunflower seeds due to the reluctance of farmers to sell raw materials and, as a consequence, rising prices for sunflower and sunflower oil. In addition, according to relevant associations, in the current marketing year, Ukraine has increased seed exports by more than 10 times compared to the same period last year, which further warms the market. Read: Exports of sunflower seeds from Ukraine increased 10.5 times The world market has also formed a growing trend for vegetable oils. Another strike in Argentina has led to rising prices ...

Source: Landlord