Tridge summary
Spike Brokers analysts report that sunflower producers are withholding sales due to potential price increases and the limited stock of raw materials at factories. Meanwhile, the price of sunflower oil in Odesa ports has corrected, dropping by an average of $20-25. The European market is saturated with large volumes of Brazilian and American soybeans, meeting the demand of processing enterprises and reducing their demand. There's been a decrease in the supply of soybeans from Ukrainian producers, as farmers refuse to sell due to low prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
This was reported by Spike Brokers analysts on Telegram. They note that producers are in no hurry to sell sunflower despite the risk of further decline. "Farmers continue to refrain from selling, knowing about the limited stocks of raw materials at the factories and waiting for a higher price," experts note. The price of sunflower oil in the ports of Odesa also underwent a correction, falling on average by $20-25. The latest indications of buyers: At the same time, large volumes of Brazilian and American soybeans continue to saturate the European market. Processing enterprises are almost provided with raw materials, so their demand is decreasing. "In Ukraine, the supply ...
Source: AgroPortal.ua
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