Ukraine: Purchase prices for sunflower seeds are increasing against the background of increased demand for oil

The increase in the export of sunflower oil and meal through the Black Sea ports led to an increase in the purchase prices of sunflower in Ukraine. But on the world market, strong competition for Ukrainian oil is Russian oil, which over the past few years has occupied the traditional markets of China and India for Ukraine. During the week, demand prices for sunflower rose by 500-800 hryvnias/t to 14,500-15,000 hryvnias/t with delivery to the factory, but producers are restraining sales in anticipation of further price increases. Export demand for Ukrainian sunflower remains low due to the ban on deliveries to neighboring EU countries, but demand prices for DAP - Bulgaria have increased to $420-430/t. However, amid increased supply and lower soybean oil quotations in Chicago, sunflower oil prices stopped rising this week and even fell by $10-20/t to $770-780/t. Global demand prices for sunflower oil with delivery to customers remain at $900/t due to increasing exports of Russian ...