Growth of sunflower prices in Ukraine has stopped amid falling prices for vegetable oils but may soon resume

Published 2024년 11월 19일

Tridge summary

The article provides an overview of the current market trends and prices for sunseed and sunflower oil in Ukraine and other global markets. It reports a decrease in the purchase price of sunseed with an oil content of 50% in Ukraine, alongside a potential drop in sunflower oil prices influenced by palm and soybean oil prices. A shortage of supply has led to a rise in the premium for high oleic sunflower, while demand prices for sunseed in Bulgaria have increased. The article also covers changes in sunflower oil and meal prices in Ukraine's ports, alongside developments in palm and soybean oil futures in Malaysia and Chicago. Additionally, it discusses the potential impact of geopolitical factors, such as the war between Russia and Ukraine, and China's decision to abolish tax incentives for used vegetable oil exports on the market dynamics.

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

Original content

Purchase price of sunseed with an oil content of 50% at the end of last week decreased in Ukraine by 300-500 UAH/t to 26500-27200 UAH/t with delivery to the plant amid a possible decline in prices for sunflower oil following the prices of palm and soybean oil. At the same time, amid a shortage of supply from producers, the premium for high oleic sunflower over the past month has increased from 2000 to 4000 UAH/t, so prices for it reached 30000-31000 UAH/t with delivery to the plant. Demand price of sunseed with delivery to Bulgaria for the week increased by 10-15 $/t to 620-640 $/t with delivery in November, which is equivalent to 29000-30000 UAH/t with delivery to the plant. During the week, the price of sunflower oil in the ports of Ukraine increased by another 10-20 $/t to 1140-1160 $/t amid limited supply, while the price of meal decreased by 5-6 $/t to 190-205 $/t due to increased supply of soybean, rapeseed and sunflower meal to the world market. According to Trading ...

Source: UkrAgroConsult