Sunflower prices in Ukraine remain stable, despite forecasts of reduced production

Dry and hot weather in Ukraine will accelerate the start of sunflower harvesting in the southeastern and central regions, but two waves of abnormal heat have significantly impaired the harvest potential. The first threshings in the south and east of the country show a low yield and oil content of sunflower, so there were fears that crop losses would reach 25-30% of the forecast, but processors have not yet reacted to this by raising prices. New harvest sunflowers are offered at UAH 19,000-20,000/ton with delivery to the factory, as the prices of sunflower oil and meal are falling under the pressure of a significant supply of cheap soybean meal and soybean and palm oil on the world market. During the week, export prices for sunflower meal fell by $10-15/t to $185-190/t under the pressure of lower prices for fodder wheat and corn. At the same time, demand prices for sunflower oil with delivery to buyers in the EU fell by €10-20/t to €880-900/t against the backdrop of lower prices ...