Black Sea sunflower oil prices in Ukraine fell to a 2.5-year low

Refined Sunflower Oil

Ukraine

Published Mar 18, 2023

Original content

Over the past two months, sunflower oil prices in the Black Sea region have fallen 15% to a 2.5-year low, weighed down by pessimism in vegetable oil markets and the banking crisis. The specialized portal "Grain Trade Ukraine" reports Agricensus monitoring shows that Ukrainian sunflower oil prices decreased in all delivery parameters. According to trade sources, yesterday CIF-Turkey quotes, for example, collapsed below the psychological threshold level of $1,000/t to $990/t for delivery in April, and CIF-Varna buyers' price fell to $980/t. Only $279.50/t FOB when exporting Ukrainian wheat to Egypt Meanwhile, over the two-month period, the "buy" price for spot crude sunflower oil orders at Ukrainian ports fell by $125/t to $900/t, the lowest level since October 2020. Analysts are of the opinion that Black Sea sunflower oil prices are under pressure from the downward trend in soybean and rapeseed oil prices. As for future price dynamics, the decline in quotations is expected to ...

Source: Sinor

What to read next

Flesh-dissolving parasite found in Norwegian cod

Intrafish · Apr 24, 2024

In Vietnam, farmers find an emissions-friendlier way to grow rice

Nationalobserver · Apr 23, 2024

United States: The USDA confirmed that the Bovine Influenza Virus is transmitted from cow to cow

Portaldelcampo · Apr 24, 2024

China's import ban forcing Japanese scallop exporters to find alternative processing solutions

Seafoodsource · Apr 23, 2024

The US warns Chile that giving a monopoly on cheese names to the European Union will have consequences

Portaldelcampo · Apr 24, 2024

Read more relevant content

Export Performance of Chile’s Processed Fruits During Jan-24 and Feb-24

Xchel Perez · Apr 24, 2024

Ensuring Compliance and Sustainability in the Cocoa Industry: Collaboration with the Rainforest Alliance

Mzingaye Ndubiwa · Apr 24, 2024

The Bittersweet Story of Traceability and Ethical Sourcing Practices of Confectionery Industry Leaders

Sun Jae Lee · Apr 24, 2024

On-the-Ground Updates

Stable Bread Prices in Egypt Despite 10% MoM Drop in White Wheat Prices

Emad Kader · Apr 24, 2024

Impact of Weather Events on Ecuador's Agricultural, Productive, and Energy Sectors

Gabriela Cabezas · Apr 23, 2024

On-the-Ground Updates

Early Greek Bostana Watermelon Exports Begin Amidst Chilly European Weather

Theodoros Damvakaris · Apr 22, 2024

On-the-Ground Updates

Vietnam Surpasses Philippines as Top Banana Exporter to China

Thao Nguyen · Apr 22, 2024

On-the-Ground Updates

Shift in Avocado Production Calibers Expected in Peru’s Primary Growing Regions

Jose Torres · Apr 22, 2024

By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.