Export prices for Ukrainian sunflower oil continue to decline

Published 2022년 7월 22일

Tridge summary

Since the beginning of July, the price of unrefined sunflower oil has been decreasing on the Ukrainian export market, primarily due to a decrease in demand from European importers. This is attributed to their high import rates of sunflower seeds from Ukraine, which allows them to produce finished products at their own facilities. Additionally, the global market for vegetable oils has seen a significant decrease in quotations, further pressuring prices. As of July 22, demand prices for unrefined sunflower oil in Ukraine are voiced mainly within 1200-1400 USD/t DAP (Delivered At Place) in countries such as Bulgaria, Romania, Poland, and Lithuania.

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

Original content

According to APK-Inform IA monitoring data, a downward price trend has been observed on the Ukrainian export market of unrefined sunflower oil since the beginning of July. The situation is still driven by a decrease in the need for European importers to purchase unrefined oil of Ukrainian origin due to the high import rates of sunflower seeds from Ukraine. Thus, they can produce finished products at their own facilities. It should be noted that the pressure on prices was exerted by a significant decrease in quotations for vegetable oils on the world market. Thus, ...

Source: Oilworld