Sunflower market: Purchase prices in Ukraine rose to UAH 23,000 per ton

Purchase prices for sunflower in Ukraine continue to rise against the backdrop of lower harvest forecasts and higher prices for meal and oil. This is reported by GrainTrade. The total crop is said to be lower than the USDA forecast of 12.5 million tonnes and the 2023/24 harvest of 15.5 million tonnes. This is boosting demand from processors, who raised prices for 52% oilseed sunflowers by another 500 basis points during the week. - UAH 800/t to UAH 22,500-23,000/t with delivery to the factory. 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 increased by $20/t to $500-510/t DAP Bulgaria, which, taking into account logistics and customs duties, is equivalent to UAH 20,000/t FCA and indicates the overvaluation of ...