Prices for sunflower in Ukraine at the end of the 2024/25 season are breaking records

The reduction in sunflower oil stocks and active demand at the end of the season pushed sunflower prices in Ukraine to their highest levels since the start of the 2024/25 season. Due to the sunflower shortage, many plants in Ukraine switched to processing soybeans and either halted operations at the end of the season for preparation for the new season or switched to processing rapeseed, which led to a shortage of sunflower oil supply on the domestic market for producers of refined and bottled oil. Demand prices for crude sunflower oil on Ukraine's domestic market rose to 58,000-60,000 UAH/t on FCA terms, equivalent to 1,165-1,200 $/t, while maximum export prices at ports do not exceed 1,150-1,160 $/t. Exports of sunflower oil from Ukraine in July surged to 464,000 tons worth $537.9 million, and in total over 11 months of the 2024/25 season, Ukraine exported around 5 million tons of sunflower oil, equivalent to 10 million tons of sunflower (out of 11.5 million tons grown in the ...