Sunseed in Ukraine continues to rise in price amid rising oil and vegetable oil prices

Published 2025년 1월 14일

Tridge summary

Sunseed prices in Ukraine have increased due to the devaluation of the hryvnia and a rise in soybean oil prices, caused by reduced production forecasts in the United States. This has led to an increase in sunflower oil prices on the global market. Processors in Ukraine have raised the prices of sunseed with an oil content of 50% by 300-500 UAH/t. However, farmers are withholding sales. The rise in prices for the cheapest soybean oil and palm oil is expected to increase the premium for sunflower oil, potentially driving prices back up to the December level of $1100/t. However, this increase is being countered by forecasts of increased sunflower production in Russia.

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

Original content

Prices of sunseed in Ukraine last week resumed growth amid the devaluation of the hryvnia and a significant rise in price of soybean oil due to lower production forecasts in the United States, which supported the quotes of sunflower oil on the world market. During the week, the processors raised prices for sunseed with an oil content of 50% by 300-500 UAH/t to 24500-25200 UAH/t with delivery to the plant, but farmers continue to hold back sales. After an unexpected decline in the January USDA report forecast soybean production in the United States by 2.58 million tons of March futures for soybeans on the Chicago stock exchange for two sessions rose 5% to 385,8 $/t, and soybean oil – by 7.5% to 1012 $/t (+9.5% for the month). According to Trading Economics, the average price of sunflower oil for delivery to buyers after the release of the USDA report increased by 4% to 1305 $/t (+1.8% for the month). On the Bursa exchange in Malaysia, the March futures for palm oil for two sessions ...

Source: UkrAgroConsult