Sunflower prices in Ukraine began to grow following the vegetable oil markets

게시됨 2023년 6월 20일

Tridge 요약

The article highlights a consecutive five-session growth in the exchange quotations for palm and soybean oil, leading to an increased demand for Ukrainian sunflower oil, resulting in a price rise to $700/t. This situation has caused a surge in the demand and prices for sunflower seeds in Ukraine, with deliveries to the plant now costing UAH 14,000-14,500/t, supported by higher prices for supplies to the EU. However, the price premium for high oleic sunflower oil remains only $40/t, indicating that European buyers have not yet re-entered the market. Analysts predict a decrease in rapeseed imports to Europe due to an oversaturated German market and significant Australian canola purchases by French processors, while the European soybean market is off-season and faces pressure from cheap Brazilian soybeans, preventing significant changes in quotes.

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원본 콘텐츠

Exchange quotations for palm and soybean oil have been growing for 5 sessions in a row, which increases the demand for cheap Ukrainian sunflower oil, prices for which recently dropped to $670-680/t with delivery to the port, but rose to $700/t in a few days and even higher. Against the backdrop of a rise in the price of sunflower oil, processors increased demand prices for sunflower seeds in Ukraine immediately by UAH 500-700/t to UAH 14,000-14,500/t with delivery to the plant. Additionally, sunflower prices were supported by an increase in demand prices for supplies to the EU by $20-30/t, as well as a slight increase in the movement of ships along the grain corridor over the past week. At the same time, the premium for high oleic sunflower oil is only $40/t. This suggests that European buyers have not yet returned to the market. According to analysts at Spike Brokers, bid prices are now: for sunflower for sunflower oil The company's experts note the oversaturation of the German ...

출처: Oilworld