The decrease in the sunflower harvest in Ukraine has not yet led to an increase in purchase prices

Published 2022년 11월 8일

Tridge summary

Ukraine is experiencing its lowest sunflower harvest in recent years, with production estimated at 10 million tons, a significant drop from last year's 17.5 million tons. Despite this, purchase prices remain stable at 14-15 thousand UAH/t or 385-410 $/t. The main sunflower oil production plants, located near Black Sea ports, have been affected by missile attacks, impacting export situations. Domestic sunflower oil prices are currently $1,000-1,050/t for port deliveries, or $1,150-1,200/t for deliveries to Poland or Bulgaria. Meanwhile, palm and soybean oil prices are on the rise, with December palm oil futures on the Malaysian exchange increasing by 9.3% for the week to $935/t.

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

Original content

Ukraine is finishing harvesting sunflowers, the harvest of which will be the lowest in many recent years. But so far this has not affected purchase prices, as the main sunflower oil production plants are concentrated near the Black Sea ports and their work has been stopped due to frequent missile attacks, and the export situation remains unclear. As of November 4, 9 million tons of sunflower were threshed from 87% of the area or 4.1 million hectares in Ukraine with a yield of 2.2 tons/ha, which confirms the pessimistic estimates of production at the level of 10 million tons compared to last year's 17.5 million tons. The purchase prices of sunflower in Ukraine remain at the level of 14-15 thousand UAH/t or 385-410 $/t with delivery to the factory under the pressure of low prices for sunflower oil and meal due to uncertainty with further export through Black Sea ports. Export prices for sunflower with delivery on DAP - Romania, Hungary and Bulgaria remain at the level of 560-580 ...

Source: Graintrade