Ukraine: Sunflower oil prices on the spot market fell to $1,050-1,070 per ton in a week

Published 2024년 12월 20일

Tridge summary

Ukrainian processing enterprises are under pressure due to a decrease in export prices for sunflower and sunflower oil. This has led to a reduction in purchase prices for raw materials by these enterprises. Producers are also withholding sales of high oil content sunflower. The spot market price for sunflower oil has dropped to $ 1050-1070 CPT port in a week. DAP Ukraine and DAP Bulgaria have reduced their purchase prices for dry and wet sunflower respectively, while CIF Bulgaria has done the same for wet sunflower at the port.

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

Original content

The fall in export prices for sunflower and sunflower oil reduces the margin of processing enterprises, which complicates the work of Ukrainian plants, which are focused on both domestic and foreign demand. This is reported by analysts at Spike Brokers. This forces them to reduce purchase prices for raw materials. Producers, in turn, are restraining sales of sunflower, especially with a high oil content. Sunflower oil on the spot market fell to $ 1050-1070 CPT port in a week. Latest indications from buyers: • DAP Ukraine (plant) 46% (dry) ~ ...

Source: Agrotimes