Prices for sunflower in Ukraine continued to rise, supported by high demand and the ongoing increase in the cost of sunflower oil. This is reported by APK-Inform.
Moreover, analysts' estimates regarding the crop continued to decrease, and news about the deterioration in the quality of the oil, specifically the increase in acidity, became more frequent.
The pace of sunflower harvesting accelerated over the week—as of October 23, 82% of the total harvesting area had been threshed with an average yield of 18.5 t/ha, compared to 94% a year earlier on the same date with a yield of 20.6 t/ha. However, rain is expected again this week in most areas of the country.
Overall, purchase prices started from 27,600-27,700 UAH/t SRT for basic quality indicators and reached 29,000+ UAH/t SRT if the oil content was above 50%.
After rather weak sales in the previous reporting period, processors noted that overall sunflower supply had slightly increased.