Analysts predict a continued decline in the wholesale cost of sunflower seeds in Russia

The wholesale price of sunflower seeds in Russia in February 2023 decreased after the previous significant increase. Experts expect a further drop in this indicator, the company Sovecon, which specializes in studying agricultural markets, said in a statement. "We expect that sunflower prices will continue to decline in the near future," the report says. Prices for sunflower in the European part of Russia decreased by about 600 rubles. - up to 28 thousand 425 rubles. excluding VAT, follows from the message of Sovecon. According to experts, pressure on prices was exerted by an increase in supply and a decrease in demand from processors. The company recalled that the reversal of the sunflower market in February was preceded by a long rise in prices. From November to February, the average prices for sunflower in the domestic market increased by 39%, to 29 thousand 25 rubles. per ton. According to experts, the decline in prices began against the backdrop of an increase in supply from ...