Ukraine: Prices for new crop sunflowers are falling as harvest speeds up

Dry and hot weather in the southern regions of Ukraine allowed the start of harvesting of sunflowers, whose harvest forecasts are increasing thanks to favorable conditions for the development of crops. In the next 10-15 days, heat with little precipitation will accelerate harvesting and increase supply, which will lead to a seasonal decrease in prices to the level of 12,000-13,000 hryvnias/t with delivery to the factory against the background of blocking the export of sunflower oil and meal through the Black Sea ports. This is reported on the website of the Electronic Grain Exchange of Ukraine. EU countries neighboring Ukraine are likely to extend the ban on sunflower supplies after September 15, which will reduce export demand for it, although active demand from the EU supported purchase prices at a high level last year. Prices for vegetable oils remain at stable levels: palm oil - $850-900/t, soybean - $1100-1300/t, sunflower - $900-930/t with delivery to buyers. A seasonal ...