Sunflower prices continued to rise in Ukraine

Published Dec 26, 2023

Tridge summary

The price of sunflowers in Ukraine has risen, reaching the same level as at the beginning of the month, with prices of 13,500 - 14,000 hryvnia per ton. Despite a slight increase in the global sunflower harvest, prices have continued to rise due to the need for new oilseed raw materials for processors and increased competition between exporters. Ukrainian agricultural producers are withholding sales of raw materials in anticipation of increased demand and prices after the establishment of sunflower supplies to Bulgaria, which is still in the initial stages and not expected until January.

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

Original content

In Ukraine, sunflower prices continued to rise, returning to the level at the beginning of this month. APK-Inform reports this with reference to its own analysts. According to their data, on the domestic market, the price of crops from processors has risen to 13,500 - 14,000 hryvnia, that is, in terms of Russian currency, 33,060 - 34,290 rubles per ton. It is clarified that we are talking about the cost of delivery on CPT terms. At the same time, in the regions in the west and south of the country, demand prices for the same supply scheme turned out to be even higher - 14,500 hryvnia or 33,510 rubles, respectively. Analysts expect a slight increase in the global sunflower harvest Analysts explained this price trend by two factors - the need to purchase new oilseed raw materials for processors, as well as increased competition between exporters. According to them, this more than compensated for the decline in prices for sunflower oil on the export market. At the same time, experts ...

Source: Rosng