Prices for sunflower meal have decreased in Ukrainian ports

Published 2024년 4월 23일

Tridge summary

Ukrainian ports are experiencing a decrease in demand prices for sunflower meal due to an oversupply, with prices currently ranging from 185-190 USD/t. Despite this, Ukraine's sunflower oil exports remain strong, with the second highest February export on record at 603,000 tons. However, demand has decreased in the European Union, leading to a decrease in product shipments. As a result, Ukrainian farmers may reduce the planting of corn and sunflower crops this season due to low prices. The price of corn in Ukrainian ports remains low, making corn trade unprofitable for average farmers, and large market players have taken a break in corn trading. Meanwhile, harvesting of grain and leguminous crops in Ukraine is ongoing, with 97% of the planned area harvested and 58.724 million tons of grain threshed. Spain, Romania, and China are the top importers of Ukrainian wheat, corn, and culture respectively.

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

Original content

In Ukrainian ports, there is a decrease in demand prices for sunflower meal against the background of a sufficient number of offers of this product, analysts of AI "APK-Inform" report. Thus, as of the beginning of the day on April 22, the demand prices for the product were fixed mainly within the range of 185-190 USD/t on the terms of SRT-port, which is 5 USD/t lower than the indicators of the previous week. Certificate. Sunflower meal is a secondary product in the production of vegetable oils, obtained according to the scheme of pre-pressing extraction from pre-processed sunflower seeds using wet-heat treatment. The February export of sunflower oil from Ukraine amounted to 603,000 tons, which is only 1% less than the January volume and is the second highest figure for this month in history (the record for February was set in 2019/20 MR — 627,000 tons), reports IA "APK-Inform". The decrease in product shipments in the reporting month occurred mostly in the countries of the ...

Source: Landlord