Sunflower prices in Ukraine reached UAH 21,000 per ton with delivery to the factory

Published 2024년 6월 7일

Tridge summary

Ukraine has experienced a significant increase in sunflower oil and meal export prices, leading to a surge in the purchase price of sunflower to a record high of UAH 21,000 per ton, due to factors such as increased exports, drop in hryvnia exchange rate, and limited supply from farmers. Despite a slight drop in average sunflower oil prices, demand prices have reached $920/t, driven by increased demand from India. Meanwhile, sunflower meal demand prices have seen a decrease to $220-225/t due to a drop in soybean meal prices. Soybean futures on the Chicago Stock Exchange have seen fluctuations, while Argentina's completion of soybean harvesting is expected to increase the supply of soybean oil and meal.

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

Original content

A sharp increase in export prices for sunflower oil and meal caused a 25% increase in purchase prices for sunflower in Ukraine for a month to a three-year record of UAH 21,000 per ton with delivery to the factory. In addition, the drop in the hryvnia exchange rate to a record 40.5 hryvnias per dollar contributed to the increase in prices. During the week, sunflower purchase prices increased by another 500-1,000 UAH/t to UAH 20,300-21,000/t (VAT included) or $440-460/t against the background of limited supply from farmers at the end of the season. This week, the market recorded purchases of large volumes at prices of about UAH 20,300-20,600/t on the terms of FCA-farming and EXW elevator. Export prices for sunflower oil for delivery to Black Sea ports for the month jumped by $100/t to levels of $890-900/t due to a significant increase in exports in May to 720,000 tons against 626,000 tons in April due to increased demand from of India Demand prices a week ago reached $920/t in the ...

Source: Graintrade