Optimism for the sunflower and oil harvest in the EU and Bulgaria
Refined Sunflower Oil
Sunflower Seed
Bulgaria
Published Jun 16, 2022
Tridge summary
The deteriorating global outlook is due to the expected decline in Ukraine and Russia
Original content
In contrast to the grain markets, the development of which continues to be characterized by very high price volatility, in the sunflower complex there is a slow sliding of quotations in a downward direction. It is important to note, writes sinor.bg and the optimistic forecast for the production of sunflower seeds in the EU during the agricultural season 2022/23, which is an important factor in breaking the upward price spiral in Europe. In the last two or three weeks, sunflower prices on the French market fell by 40-50 euros to 930-940 euros / tonne, and crude sunflower oil prices in Rotterdam fell by 250 euros - to $ 1810 per tonne for delivery in July. According to European experts, the break in the upward price spiral in Europe and the downtrend have significantly influenced the optimistic forecasts for the sunflower harvest in the EU this season. At the end of May, the European Organization of Traders in Cereals, Oilseeds and Vegetable Oils (COCERAL) announced its updated ...
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