Demand prices for Ukrainian sunflower oil slightly decreased

Published Apr 1, 2022

Tridge summary

The article highlights a decrease in demand prices for Ukrainian unrefined sunflower oil, despite a global supply shortage due to a suspension of exports through Ukrainian seaports. This decrease is attributed to optimism over potential progress in Ukraine conflict negotiations, which could reinstate oil exports, and a global decline in quotations for palm, soybean oil, and oil. Prices have dropped by an average of 110 USD/t, with deliveries in April-May priced between 1900-2000 USD/t FOB, but remain 29-33% higher than February figures. No new oil supply agreements have been made, and current prices are indicative.

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

Original content

According to APK-Inform IA monitoring data, this week a decrease in demand prices for Ukrainian unrefined sunflower oil (FOB basis) is recorded, despite the shortage of product supply on the world market due to the suspension of exports through the seaports of Ukraine. Demand prices for the product came under pressure, driven by hopes for progress in negotiations on the conflict in Ukraine, which would resume oil exports from Ukrainian ports. This price trend was also facilitated by the decline in quotations for palm, soybean oil and oil on the world market. During the specified period, demand prices for unrefined sunflower oil decreased by an average of 110 USD/t and as of the beginning of the day on April ...

Source: Oilworld