Stabilization of sunflower oil prices supports sunseed prices in Ukraine

for sunflower oil in Ukraine remained at $1,220–1,230/t (-$30/t per month) for delivery to ports in December, and prices for deliveries to India were at $1,300–1,310/t CIF Mumbai, although palm oil prices fell by 5.5% amid a slowdown in exports. The weather in Ukraine, especially excessive rains in the west, does not allow for the completion of harvesting of late crops, which leads to yield losses and a decrease in the quality of harvested sunflower. As of November 20, 9.01 million tons of sunseed were harvested in Ukraine from 4.74 million hectares or 92% of the area (+2% per week) with a yield of 1.88 tons/hectare (last year at this time, 10.07 million tons were harvested from 97% of the area with a yield of 2.08 tons/hectare). Processors expect that the last million tons of sunseed that farmers will harvest will have a high acid number, so in their calculations they are focusing on a harvest of about 9 million tons and are not reducing purchase prices, despite the rather high ...