Ukraine: Sunflower oil prices rose to a 6-month high

Published Nov 21, 2022

Tridge summary

Sunflower oil prices have reached a six-month high due to the soybean oil market and a delayed harvest in Russia with potential sunflower harvest reduction. Additionally, Ukrainian oil refineries are shutting down due to a lack of energy supply, leading to an increase in offer prices for Ukrainian sunflower oil to $1,240-1,250/t DAP, and Russian oil offer prices rising to $1,250-1,300/t FOB.

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

Original content

Sunflower oil prices rose to a 6-month high last week. This is reported by analysts of the GrainTrade electronic grain exchange. The rise in sunflower oil prices followed the soybean oil market, as well as the delay in harvesting and a possible decrease in the sunflower harvest in the Russian Federation and forecasts of a reduction in processing in Ukraine, where oil refineries are shutting down due to a lack of energy supply due to infrastructure damage. Demand prices for Ukrainian sunflower oil for delivery to Bulgarian ports remain at ...

Source: Agrotimes