Sunflower prices are rising in Ukraine, and farmers continue to hold back sales

As reported by GrainTrade, as of September 26, 6.66 million tons of sunflower were threshed from 3.268 million hectares, or 66% of the area, with a yield of 2.04 tons/ha, which is inferior to last year. It is already clear that the total harvest will be less than the USDA forecast of 12.5 million tons and the 15.5 million tons harvested in 2023/24 MR. This increases the demand from processors, who during the week raised the prices of sunflower with an oil content of 52% by another 500-800 UAH/t — to 22,500-23,000 UAH/t with delivery to the plant. However, farmers are holding back sales in anticipation of further price increases. During the week, the demand prices for sunflower oil rose by $20-30/t to $970-990/t in Ukrainian ports, and for sunflower meal by $5-10/t to $200-210/t, which supports sunflower prices. Export demand prices for sunflower also increased by $20/t to $500-510/t DAP Bulgaria, which, taking into account logistics and customs duties, is equivalent to UAH ...