News

In Ukrainian ports, sunflower prices have increased by $10-20/ton

Sunflower Seed
Nuts & Seeds
Published Apr 14, 2024

Tridge summary

Sunflower processors have ramped up their activities, leading to a notable increase in prices by $10-20 per ton over the last week, according to Spike Brokers analysts. This price surge is largely due to a significant shortfall in the supply of sunflowers for processing in Bulgarian factories during the off-season, which might result in some factories shutting down prematurely before the arrival of new rapeseed or sunflower crops. The report also highlights a minor adjustment in corn prices and clarifies that rumors about China canceling Ukrainian corn purchases are unfounded, with exporters actively purchasing corn at $152-155 for sea port shipments.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sunflower processors became more active, which led to a strengthening of prices by $10-20 per ton compared to last week. This was reported by Spike Brokers analysts. "Bulgarian factories experience a significant shortage of sunflowers for processing during the off-season, which may lead to early closure of some of them before the start of the rapeseed or new sunflower crop," the report said. The latest indications of sunflower buyers: Corn prices have undergone a slight correction compared to last week. Rumors about the cancellation of purchases of corn of Ukrainian origin by China were not confirmed among market ...
Source: Superagronom
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