Ukraine: Farmers stopped selling sunflower after the price fell

Farmers suspended sunflower sales after last year's sunflower demand prices dropped from UAH 14,500-15,000/t to UAH 13,500-13,800/t with delivery to the plant. This happened due to a 6-10% drop in oil prices over the last 10 days, which led to a 4-5% drop in vegetable oil prices, including sunflower oil, UkrAgroConsult reports. During the week, quotations for soybean oil in Chicago and for palm oil in Malaysia fell by 3.5-4.5%, which increased the pressure on the sunflower oil market, as a result of which purchase prices in Ukraine decreased by another 10-20 $/t to 750 $760/t with delivery to the port, the message says. Export demand for Ukrainian sunflower remains low against the background of the EU import ban, and there is no chance that it will increase in the near future. Even after the agreement with Bulgaria to restore supplies using the import licensing mechanism, due to which DAP-Bulgaria demand prices increased from $420-430/t to $440-450/t. This season, the EU reduced ...