Ukraine: Purchase prices for sunflowers are increasing, despite difficulties with processing and export

Another slowdown in exports and failures in the work of oil processing enterprises did not stop the increase in purchase prices for sunflower, caused by a shortage of offers and active export of seeds. According to the UN, after November 19, no more than 5 ships leave the ports of Ukraine every day, although in previous weeks up to 10 ships left. This is due to the bad weather in Istanbul and staff rotation in the Joint Coordination Center (JCC). In October, compared to September, Ukraine increased its export of sunflower meal by 10% to 390,000 tons, the largest since the beginning of the war, of which China bought 224,000 tons. However, meal exports slowed down in November, which made it difficult for processors, as oil can be shipped to the western borders, while it is very unprofitable to deliver meal to the EU. Purchase prices for sunflower in Ukraine increased by another 500 UAH/t during the week to 16-16.5 thousand UAH/t or $440-450/t with delivery to the factory. At the ...