Sunflower prices in Ukraine began to grow following the vegetable oil markets

Exchange quotations for palm and soybean oil have been growing for 5 sessions in a row, which increases the demand for cheap Ukrainian sunflower oil, prices for which recently dropped to $670-680/t with delivery to the port, but rose to $700/t in a few days and even higher. Against the backdrop of a rise in the price of sunflower oil, processors increased demand prices for sunflower seeds in Ukraine immediately by UAH 500-700/t to UAH 14,000-14,500/t with delivery to the plant. Additionally, sunflower prices were supported by an increase in demand prices for supplies to the EU by $20-30/t, as well as a slight increase in the movement of ships along the grain corridor over the past week. At the same time, the premium for high oleic sunflower oil is only $40/t. This suggests that European buyers have not yet returned to the market. According to analysts at Spike Brokers, bid prices are now: for sunflower for sunflower oil The company's experts note the oversaturation of the German ...