Sunflower market: prices in Ukraine remain under pressure from the sunflower oil export market

Published 2024년 12월 2일

Tridge summary

The article highlights a slowdown in the decrease in sunflower market prices in Ukraine, with a particular focus on the stabilization of sunflower oil export market prices leading to adjustments in the purchase prices of raw materials by processors. Currently, the demand prices for sunflower in Ukraine range from UAH 25,000/t to UAH 26,000/t. Furthermore, a positive development for the export of Ukrainian sunflower to Turkey is anticipated with the removal of import duties from January 1 to April 30, 2025, and the abolition of the oilseed export licensing regime in Ukraine, which has been replaced by a minimum pricing mechanism, although licensing for exports to Bulgaria and four other EU countries still remains in place.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The decrease in prices in Ukraine on the sunflower market last week slowed down somewhat, but the further decrease in prices on the export market of sunflower oil still prompted processors to revise the purchase prices for raw materials. This is reported by the analysts of APC-Inform. Thus, mainly the demand prices of processing enterprises varied from UAH 25,000/t to UAH 26,000/t of SRT. It is noted that the demand for Ukrainian sunflower in the export direction may increase in the near future, since Turkey from January 1 to April 30, 2025. zero the duty on the import of sunflower seeds within the tariff quota. Currently, the import duty on sunflower in Turkey within the quota is 8%. Read also: Ukraine accounts for ...

Source: Agrobusiness