Sunseed prices in Ukraine fall on forecasts of further decline in oil prices

delivery to ports in December) fell by $10/t to $1,220/t during the week against the backdrop of increasing supply and decreasing demand, as well as a drop in prices for Russian sunflower oil by $10-15/t to $1,190-1,195/t FOB (with delivery in December). Drone attacks on civilian ships transporting sunflower oil from the Russian Federation and Ukraine shocked the market, as civilian ships had hardly been targeted since the beginning of the war. Purchase prices for sunflower seeds decreased by 500-1000 UAH/t per week to 28,000-28,600 UAH/t or $580-593/t excluding VAT (for 50% oil content) with delivery to the plant, in particular due to constant air raids and increased shelling of the Odessa region, which led to a three-day power outage. Factories have basically built up sunflower stocks for two to three months of operation, but if sunflower oil prices continue to decline, the processing margin will become negative again. The weather in Ukraine in December did not allow the ...