Ukrainian sunflower oil exports is a hostage of the grain corridor

게시됨 2023년 3월 13일

Tridge 요약

The article provides an overview of the decrease in Sunflower Oil (SFO) prices in Ukraine, which has fallen below soybean oil prices since December 2022. The decrease in crushing rates is attributed to the uncertainty of the grain corridor prolongation, the impact of military risks, and the increase in exports of sunflower seeds and other oilseeds. The article also discusses the potential for recovery in demand from India and China, the effects of the war in Ukraine on the SFO market, and the potential for the Ukrainian oil market to realize its full potential despite the challenges.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

The SFO prices, starting from December 2022 tends to decrease being even lower than Soybean oil prices. Total number of mid-size and large crushers in Ukraine – 118 factories, roughly 20% of them do not operate due to damages and military risks. In the first half of 2022/23 (Sept.2022-Feb.2023), Ukraine shipped abroad 69% and 63% of sunflower seed (SFS) and the sunflower oil (SFO) export potential correspondingly. However, in Late February – Early March uncertainty of the grain corridor prolongation has once again practically paralyzed making SFO exports contracts. This may slow considerably the SFS crushing and decrease the crushing to minimal levels. Besides the uncertainties of the corridor prolongation, Ukraine SFS crushing rates are affected by growing exports of SFS and other oilseeds. The crushers has already lobbied more strict SFS export regulation. India and China demand is likely to recover for key veg oil (palm oil, soybean, SFO). In the 2022/23 season soybean oil ...

출처: UkrAgroConsult