Sunflower prices in Ukraine fell below UAH 25,000/t at the end of the year

The sunflower market in Ukraine expects new factors to influence prices, as processors have reduced the purchase price and farmers have reduced sales, as a result of which some plants have stopped work. During the week, sunflower prices have decreased by another 200-500 UAH/t to 23,800-25,000 UAH/t against the background 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 the Russian Federation is increasing pressure on Ukrainian oil prices. In addition, cheap soybean oil has collapsed prices for palm oil, which was a driver of quotation growth in November. In Russia, sunflower prices fell amid an increase in harvest forecasts from 15.5-16 to 16.6 million tons and an increase in the export duty on sunflower oil in January by 1.7 times to $160/ton, and the ...