Ukraine: Sunflower prices will depend on blackouts

Published 2022년 11월 30일

Tridge summary

The article highlights the potential impact of the ongoing energy crisis in Ukraine, especially on oil producers, on the price of sunflower. It is noted that while the sunflower harvest is complete with a yield of approximately 9.7 million tons, the price fluctuates greatly and there is no short-term potential for growth as importers have already purchased sufficient oil. The energy crisis could lead to a decrease in demand from domestic processors and a shift to more expensive diesel generators, potentially leading to a drop in sunflower prices if the situation worsens. However, if electricity supply to factories does not deteriorate, prices could rise to UAH 20,000/ton by the end of December.

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Original content

The energy crisis in Ukraine, in particular, oil producers' access to electricity, may negatively affect the price of sunflower. In the absence of blackouts, prices may, on the contrary, rise. This was discussed during the weekly briefing organized by the analytical center of the "PUSK" cooperative, created within the framework of the VAR. Currently, the sunflower harvesting campaign can be considered complete. Ukraine collected about 9.7 million tons of oil. The rest of the sunflowers left in the fields due to the weather will be re-disked. Sunflower prices depend on demand from importers and processors. "Today, the price for the lot is real 400-500 tons of sunflower is at the level of UAH 17,000/t, but the indicator fluctuates a lot depending on the region," noted analyst Oleksiy Tartakovsky. There is no potential for price growth in the short term, importers have bought enough oil. The strengthening of the energy crisis can become a strong factor influencing the market. “A ...

Source: Agravery