The sunflower market in Ukraine is entering a period of scarce supply

Published 2024년 5월 13일

Tridge summary

The sunflower market is experiencing a scarcity, leading to a surge in prices. Analysts at Spike Brokers have reported a significant increase in sunflower prices by $30-40 per ton without VAT for delivery to processing plants. The prices vary across different buying regions and ports in Europe, with DAP Ukraine, DAP Bulgaria, DAP Italy, CIF Turkey, and CIF Bulgaria all paying different amounts. The pre-harvest rise in rapeseed prices has motivated European producers to sell their sunflower products to factories and reserve logistics for the European crop. The prices for 2024 have also been indicated, with expectations of further increases.

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

Original content

The sunflower market is entering a period of scarce supply. This is reported by Spike Brokers analysts. Sunflower prices have increased by $30-40 per ton without VAT with delivery to processing plants. Latest indications of sunflower buyers: • DAP Ukraine (regions) ~$360-380;• DAP Bulgaria (center) ~$440-450;• DAP Italy (Mon) ~$420-430;• CIF Turkey (port) ~$455-460;• CIF Bulgaria (port) ~$430-440. The pre-harvest rise in rapeseed prices stimulates European producers to sell products to factories and actively reserve logistics for the European crop. Latest indications of buyers ...

Source: Agrotimes