Prices for Ukrainian oil delivered to Bulgarian ports rose by $30-50/ton

Published 2022년 11월 16일

Tridge summary

Ukrainian sunflower oil demand prices for delivery to Bulgarian ports have increased by $30-50/t to $1200-1250/t DAP for the week, according to GrainTrade electronic grain exchange analysts. However, prices in Ukrainian ports remain at $1,000-1,050/t SRT due to uncertainty about exports after November 19, following a missile attack that damaged energy infrastructure facilities hindering oil extraction. Despite the attack, Ukraine has exported 1.2 million tons of sunflower oil in 2022/23 MR, less than the USDA forecast of 3.6 million tons. Turkey is projected to increase its sunflower import by 86.85% to 1.25 million tons and reduce sunflower oil import by 38.84% to 800 thousand tons in 2022/23.

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Original content

Demand prices for Ukrainian sunflower oil for delivery to Bulgarian ports increased by $30-50/t to $1200-1250/t DAP for the week. This is reported by analysts of the GrainTrade electronic grain exchange. At the same time, in the ports of Ukraine, the demand prices for sunflower oil remained at the level of $1,000-1,050/t SRT due to uncertainty with exports after November 19. As a result of the massive missile attack on Ukraine on November 15, when the Russians launched 90 missiles and 10 kamikaze drones, many energy infrastructure facilities were damaged, which hindered the operation of oil extraction plants in Ukraine. Thanks to the work of the grain corridor, Ukraine exported 1.2 million tons of sunflower oil in 2022/23 MR, as of November 15, out of the USDA forecast of 3.6 million tons, while in 2021/22 MR, exports amounted to 4.465 million tons, and in 2020/21 MR - 5.27 million tons. According to the USDA's November forecast, in 2022/23, Turkey may ...

Source: Agrotimes