On the Ukrainian market, the price of sunflower meal is rising: it contributes to the growth of demand

Published Apr 8, 2024

Tridge summary

In Ukraine, the agricultural sector is experiencing significant shifts, with the domestic market price for sunflower meal reaching $200/ton due to high demand, as reported by Alyona Tsaryova. Despite this, the export market shows variability, with sunflower oil being a major export, especially to Turkey and India, though exports to the EU have slightly decreased. Ukrainian farmers are anticipated to reduce corn and sunflower crops this season in favor of more profitable oil crops like soybeans and rapeseed, amidst a sluggish corn market where farmers are holding onto their stock due to low selling prices. Meanwhile, the country has successfully harvested 58.724 million tons of grain, with Spain becoming the main importer of Ukrainian wheat in 2023, and China the largest importer of Ukrainian corn. These agricultural exports are crucial for Ukraine's economy, even as global prices drop and external challenges persist.

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

Original content

In Ukraine, the prices of sunflower meal rose to $200/ton on the domestic market, senior manager of the oil extraction plant Alyona Tsaryova reported this in her blog on Latifundist. Inside the country, meal is in demand, prices are crazy. For example, you can easily get $200+ on big water, and they will take it from you without looking. But if you look at foreign markets, there is not all of this, - Tsaryova writes. The current export prices for meal are as follows: Help. Sunflower meal is a secondary product in the production of vegetable oils, obtained according to the scheme of pre-pressing extraction from pre-processed sunflower seeds using wet-heat treatment. The February export of sunflower oil from Ukraine amounted to 603,000 tons, which is only 1% less than the January volume and is the second highest figure for the indicated month in the entire history (the record for February was set in 2019/20 MR — 627,000 tons), reports IA "APK-Inform". The decrease in product ...

Source: Landlord