Restoration of processing plants supports sunflower prices in Ukraine

Sunflower Seed

Ukraine

Published Jun 3, 2022

Original content

Against the background of Russia's military aggression against Ukraine, most processing plants were shut down, but in April enterprises in the western regions began to resume operations. At the end of May, sunflower processing was resumed by plants in the center and even the south of Ukraine, as raw material prices fell sharply, allowing companies to obtain high processing margins. Some plants provide processing services at a price of $ 80,150 / t, while others purchase sunflower at UAH 15,000-16500 / t ($ 512-565 / t), receiving a processing margin of up to $ 200 / t. Active exports of Ukrainian sunflower to Romania, Bulgaria and Turkey have raised prices from an extremely low level of 13000-14000 UAH / t to 14500-15000 UAH / t FCA. Now processors are actively buying sunflower against the background of disappointing production forecasts for next season. Experts of the Ukrainian Grain Association predict that in 2022 the sunflower harvest in Ukraine will decrease compared to the ...

Source: Graintrade

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