Palm oil prices continue to fall, and Argentina completes a good sunflower harvest, increasing pressure on prices in Ukraine

게시됨 2025년 4월 22일

Tridge 요약

High purchase prices for sunflower in Ukraine due to a shortage of offers from farmers, with expectations of further price increases. However, the completion of a large sunflower harvest in Argentina and a seasonal increase in palm oil production are putting downward pressure on sunflower oil quotes. Argentina increased sunflower sowing areas, leading to a significantly better harvest than the previous season. However, Ukrainian sunflower oil exports are at their lowest since 2016/17 MY, with a 24% decrease compared to the previous year. Palm oil futures on the Bursa exchange in Malaysia have also seen a decrease due to falling oil prices and a seasonal increase in palm oil production.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Sunflower purchase prices in Ukraine remain high amid a shortage of offers from farmers who expect further price increases, but the completion of a large sunflower harvest in Argentina and a seasonal increase in palm oil production are putting pressure on sunflower oil quotes. In the 2024/25 MY, Argentina increased sunflower sowing areas due to excessively dry weather during the soybean sowing period, and subsequent rains allowed for a significantly better harvest than in the previous season. As of April 5, sunflower had been harvested on 75.6% of the area, and at the end of the harvest, experts from the Buenos Aires Grain Exchange increased the harvest forecast by 5% to 4.5 million tons, which will exceed the previous season's production by 16%. The average yield will be 2.38 t/ha, which will exceed the 5-year and 10-year averages. Recall that in the April report, the USDA increased the forecast for sunflower production in Argentina in 2024/25 MY by 5% to 4.2 million tons, ...

출처: Graintrade