Sunflower seed purchase prices in Ukraine have hit 25,000 UAH per ton, but any further increase will be capped by the declining prices of oil and soybean oil

Purchase prices for sunflowers in Ukraine continue to rise rapidly against the backdrop of a reduced harvest and a lack of offers from farmers. At the same time, the prices of sunflower oil and meal are also increasing, but not as fast as for sunflower. As of October 4, domestic farmers from 3.9 million hectares or 78% of the area collected 8 million tons of sunflower with a yield of 2.05 tons/ha, which is inferior to last year. The total harvest may amount to 11 million tons (15.5 million tons in FY 2023/24), which will be lower than forecast. This week, in order to fulfill contracts for the supply of oil, some processors were forced to raise the purchase prices for sunflower with an oil content of 50% to UAH 25,000/t with delivery to the factory, although only a week ago they offered UAH 22,500-23,000/t for it. But farmers continue to hold back sales in anticipation of further price hikes. During the week, demand prices for sunflower oil in the ports of Ukraine increased by ...