In Ukraine, demand prices for sunflower began to decline

Published Feb 13, 2023

Tridge summary

Since last week, the Ukrainian sunflower seed market has seen a downturn in prices after nearly four months of increase, as reported by AI "APK-Inform". This is largely due to the significant drop in unrefined sunflower oil export prices. Furthermore, Russia's claims of unjustified 'grain corridor' work due to unmet export obligations of restrictions on agricultural products and fertilizers has added market tension. Despite Russia's actions and insufficient high-quality oil supply in northern and western regions, the reduced demand prices for sunflower seeds have negatively impacted their implementation by agricultural producers, leading to a suspension in some cases. Demand prices for sunflower seeds have decreased by UAH 700-1,200/t and currently range from UAH 14,500-17,400/t.

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

Original content

According to the monitoring data of AI "APK-Inform", since the beginning of last week, a downward price trend has been recorded on the Ukrainian sunflower seed market after almost 4 months of dominance of the price growth trend. First of all, the significant decrease in the price of unrefined sunflower oil in the export direction contributed to the decrease in prices. In addition, Russia's hints about the unjustification of the "grain corridor" work due to alleged non-fulfillment of obligations to remove restrictions on the export of Russian agricultural products and fertilizers added to the tension in the market. Some support for oil prices was also provided by the insufficient supply of oil with high quality indicators, especially in the northern and western regions. The decrease in demand prices for sunflower seeds negatively affected ...

Source: Agravery