News

Sunflower prices may fall in Ukraine this year - analysts

Sunflower Seed
Nuts & Seeds
Ukraine
Market & Price Trends
Published Apr 18, 2024

Tridge summary

Analysts from the PUSK cooperative, as reported by OleoScope, predict a decline in sunflower prices in the Ukrainian market, with expectations of gross margins for processing sunflowers to be around $10-$15 per ton. This forecasted decrease, from the current price of 16,600 hryvnia per ton to an anticipated 15,300-15,500 hryvnia, is attributed to several market factors, including the peak of sunflower prices in January and a projected fall in vegetable oil prices, which is expected to lower the cost of raw materials.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ukrainian market will soon experience a decline in sunflower prices. OleoScope reports this with reference to forecasts from analysts of the PUSK cooperative. They expect gross margins in the processing sector of this crop to be zero or negligible, in the region of $10-$15 per ton. According to their calculations, the limit to which prices for the raw materials themselves can decrease is from 15,300 to 15,500 hryvnia (36,370-36,845 rubles) per ton with the current cost of seeds being 16,600 hryvnia or 39,460 rubles, respectively. Experts explained that now an overwhelming number of factors are emerging on the Ukrainian market for these products that will help reduce their cost. For example, one of these they ...
Source: Rosng
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