World: Sunflower prices in Ukraine fell below UAH 25,000 per ton

According to GrainTrade, during the week, sunflower prices fell by another 200-500 UAH/t to 23,800-25,000 UAH/t against the backdrop of a drop in sunflower oil prices to $1,050-1,070/t for January delivery to Black Sea ports. According to Trading Economics, the average world price for sunflower oil delivered to buyers fell by 0.5% to $1,255/t (-4.2% per month). The increase in offers of cheap sunflower oil from Russia is increasing pressure on Ukrainian oil prices. In addition, cheap soybean oil has collapsed palm oil prices, which in November was a driver of quotation growth. In Russia, sunflower prices fell amid an increase in harvest forecasts from 15.5-16 to 16.6 million tons and a 1.7-fold increase in the export duty on sunflower oil in January to $160/ton, as well as an indicative price for oil (for calculating the duty) from $954.7 to $1,027/ton. According to local analysts, export prices for Russian sunflower oil fell by 13% in December, or $150/ton. February palm oil ...