Prices for sunflower in Ukraine are rising, but further growth is limited due to competition in global markets.

Two weeks of prolonged rainfall in Ukraine have significantly delayed the sunflower harvest, leading to an increase in purchasing prices. The collapse of global oil prices and the resulting decrease in quotations for palm and soybean oil have had virtually no impact on the demand for sunflower oil, so prices for it remain high. As of October 9, 6.3 million tons of sunflower have been harvested from 66.8% of the area in Ukraine, with an average yield of 1.85 t/ha, while on this date last year, 8.8 million tons of sunflower were harvested from 87% of the area with a yield of 2.05 t/ha. This week, dry but cool weather has set in, which will aid the harvesting of sunflower and soybeans and may increase supply from farmers. In the past week, demand prices for sunflower in Ukraine have risen by another 500 UAH/t to 28,000–28,500 UAH/t or 590–600 $/t without VAT (for 50% oil content) with delivery to the plant, which was also facilitated by a 1% increase in the dollar exchange rate ...