Ukraine: Sunflower prices dropped to $50/t during the week

Canola Seed & Rapeseed

Sunflower Seed

Ukraine

Published Mar 25, 2023

Tridge summary

An incredible drop in sunflower prices is observed in a week to $50/t in some areas. This is reported in the Telegram channel by Spike Brokers analysts. Currently, players are waiting for stabilization of prices and restoration of demand. The latest indications of buyers: • DAP Bulgaria (Mon/Center) ~$400-430; • DAP Hungary (center) ~$380-400; • CIF Romania (mon/centre) ~$410-420; • DAP Romania (center) ~390-400$.

Original content

An incredible drop in sunflower prices is observed in a week to $50/t in some areas. This is reported in the Telegram channel by Spike Brokers analysts. Currently, players are waiting for stabilization of prices and restoration of demand. The latest indications of buyers: • DAP Bulgaria (mon/center) ~$400-430; • DAP Hungary (center) ~$380-400; • CIF Romania (mon/centre) ~$410-420; • DAP Romania (center) ~390-400$. The collapse of the prices of the oil complex led to a significant decrease in the prices of rapeseed as well. The saturation of the European market with rapeseed of the old harvest and the relatively optimistic vision for the future ...

Source: Agrotimes

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