Rising prices for oil and meal support sunflower prices in Ukraine

게시됨 2024년 9월 6일

Tridge 요약

Ukraine is experiencing dry and warm weather, leading to a faster sunflower harvest but potentially reducing yield. As of September 5, 1.39 million tons have been harvested from 16% of the area. Sunflower oil export prices at the port have increased, while demand prices at the Ukraine-Poland border have decreased due to increased rapeseed oil supply in the EU. The export of sunflower oil from Ukraine has decreased by 48% in August. Sunflower meal export prices have increased due to rising feed wheat and corn prices, but this increase may soon stop with the increasing offers of rapeseed and soybean meal on the world market. Demand prices for sunflower in Ukraine are also rising, leading to more factories beginning processing and farmers holding back sales. However, these prices are exceeding the level that guarantees a margin for processors.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Dry and warm weather in Ukraine accelerates sunflower harvesting, but reduces its yield potential. As of September 5, 1.39 million tons of sunflowers have already been harvested from 780.8 thousand hectares or 16% of the area with a yield of 1.78 tons/ha. Demand prices for sunflower oil with delivery to ports for the week increased by $10/t to $920-930/t, while at the Ukraine-Poland border prices fell to $910-915/t, although in August demand prices at the western borders exceeded those of the port. The increase in the supply of rapeseed oil in the EU significantly reduced the demand for Ukrainian oil from biodiesel producers, who actively imported it during the summer. Therefore, in August, the export of sunflower oil from Ukraine decreased by 48% compared to July to 227,000 tons, which was the lowest figure since June 2022. Sunflower meal export prices for delivery to ports during the week increased by $5/t to $190-195/t on the back of rising feed wheat and corn prices. But the ...

출처: Graintrade