Purchase prices for sunflower in Ukraine rose to UAH 23,000/t

Published 2024년 9월 30일

Tridge summary

Sunflower purchase prices in Ukraine are increasing due to lower harvest forecasts and higher meal and oil prices. The total harvest is expected to be less than predictions, leading to increased demand from processors who have raised prices. Demand prices for sunflower oil and meal have also risen. However, farmers are withholding sales in anticipation of further price increases. Meanwhile, export demand prices for sunflower have increased, indicating undervaluation. In other markets, palm and soybean oil futures have seen fluctuations due to various factors such as falling oil prices, tariff increases by India, and challenging weather in Brazil.

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

Original content

Purchase prices for sunflower in Ukraine continue to rise against the backdrop of lower harvest forecasts and higher prices for meal and oil. As of September 26, 6.66 million tons of sunflower were threshed from 3.268 million hectares or 66% of the area with a yield of 2.04 tons/ha, which is inferior to last year. It is already clear that the total harvest will be less than the 12.5 million tons predicted by the USDA and the 15.5 million tons harvested in 2023/24 MR. This increases the demand from the processors, who during the week raised the prices of sunflower with an oil content of 52% by another 500-800 UAH/t to 22,500-23,000 UAH/t with delivery to the plant. However, farmers are holding back sales in anticipation of further price increases. During the week, demand prices for sunflower oil rose by $20-30/t to $970-990/t in the ports of Ukraine, and for sunflower meal by $5-10/t to $200-210/t, which supports the prices of sunflower. Export demand prices for sunflower also ...

Source: Graintrade