Sunflower prices in Ukraine are recovering after falling to the lowest level of the season

In March, demand prices for sunflowers fell sharply in Ukraine on the part of processors, who faced problems with the sale and shipment of products through the Black Sea ports. Last week, export demand prices fell by $70-100/t from $510-530/t to $420-435/t with delivery to Romania and Bulgaria, after which domestic purchase prices decreased by 10-15% or UAH 2,000-2,500 /t to the lowest in season level of 12,500-15,500 UAH/t or $340-425/t with delivery to the factory. The reason for the sharp drop in prices was the drop in quotes for sunflower oil, which fell from $1000-1050/t to $850-870/t with delivery to Bulgaria. The sunflower and sunflower oil markets remained inactive, as producers held back sunflower sales domestically or tried to sell them abroad, and processors awaited a decision on the extension of the grain corridor to plan oil and meal deliveries to India and China. May palm oil futures started to recover from Monday and are already up 5.6% to 3,707 ringgit/t or $839/t, ...