Sunflower prices in Ukraine began to rise following vegetable oil markets

Stock market quotations for palm and soybean oil have been rising for 5 consecutive sessions, which is strengthening the demand for cheap Ukrainian sunflower oil, the prices of which recently fell to $670-680/t with delivery to the port, but rose to $700/t in a few days and even higher Against the background of rising prices of sunflower oil, processors immediately raised the prices of sunflower demand in Ukraine by 500-700 UAH/t to 14,000-14,500 UAH/t with delivery to the plant. In addition, sunflower prices were supported by the increase in demand prices for deliveries to the EU by $20-30/t, as well as a slight increase in the movement of ships through the grain corridor during the last week. At the same time, the premium for high-oleic sunflower oil is only $40/ton. This shows that European buyers have not yet returned to the market. According to Spike Brokers analysts, the asking prices are now: The company's experts note the oversaturation of offers in the German market, ...