High demand for sunflower seeds in Ukraine supports prices amid growing interest in sunflower oil

The increase in palm oil prices in Malaysia from $910–915 to $990–995/t per month slowed its exports and increased demand for sunflower oil. In the first half of July, palm oil exports decreased by 5–6%, which contributed to the increase in sunflower oil purchases. In June, India increased its imports of edible oils by 30% compared to May, including palm (+61%, to 953 thousand tons) and sunflower (+18%, to 216 thousand tons). In July, palm purchases are expected to decline and sunflower imports to increase further. Prices for sunflower oil delivered to India remain stable at $1,195–1,200/t (CIF Mumbai), while in Ukraine at $1,100–1,110/t (delivered to Black Sea ports). Demand remains active. Purchase prices for sunflower seeds in Ukraine have not changed in a week: 26,500–26,800 UAH/t or 555–565 $/t excluding VAT (with delivery to the factory). Processors are actively purchasing raw materials, fearing a low harvest due to drought in the south. Demand prices for sunflower meal ...