Purchase prices for sunseed in Ukraine increased to 23000 UAH/t

Purchase prices for sunseed in Ukraine continue to rise amid lower harvest forecasts and higher prices for sunflower meal and oil. As of September 26, 6.66 mln tonnes of sunseed were harvested from 3.268 mln ha or 66% of the area, yielding 2.04 t/ha, which is lower than last year. It is already clear that the total harvest will be less than the USDA forecasted 12.5 mln tonnes and 15.5 mln tonnes harvested in 2023/24 MY. This increases the demand from the processors, who raised the prices for sunseed with oil content of 52% by another 500-800 UAH/t to 22500-23000 UAH/t with delivery to the plant during the week. However, farmers are holding back sales in anticipation of further price increases. For the week in the ports of Ukraine demand prices for sunflower oil increased by 20-30 $/t to 970-990 $/t, and for sunflower meal – by 5-10 $/t to 200-210 $/t, which supports the price of sunflower. Export demand prices for SFS also increased by $20/t to 500-510 $/t DAP Bulgaria, which, ...