Sunflower prices will rise in Ukraine

Published Dec 23, 2024

Tridge summary

The Ukrainian agricultural cooperative, PUSK, has forecasted a rise in the country's sunflower seed prices due to limited supply this season, which is impacting both the domestic market and export potential. Despite high demand, processors are unable to meet their capacity. Currently, sunflower seed prices vary between 26,000 - 26,500 UAH/t, with most farmers expecting a price of 30,000 UAH/t. The vegetable oil market is currently in decline, but PUSK anticipates market stabilization and growth in January. The current margin for processors has dropped to a critically low level, creating challenges for factories. It is expected that vegetable oil prices will recover in January-February, leading to an increase in sunflower seed prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ukrainian agricultural cooperative PUSK, established within the framework of the All-Ukrainian Agrarian Rada, predicts that in the coming months the prices of sunflower seeds in the country will rise. According to local experts, the Ukrainian sunflower seed market is facing limited supply this season, which affects domestic prices and export potential. Demand for the oilseed crop from processors remains at a high level, but despite this, they cannot fully satisfy their capacity. "Now the prices of sunflower vary between 26,000 - 26,500 UAH/t, sometimes reaching 27,000 UAH/t in the western regions. However, most farmers are holding back their production in anticipation of the price of 30,000 UAH/t," experts comment. At the same time, they noted that the situation on the sunflower oil market remains unstable. "Since November, the vegetable oil market has entered a phase of decline. First, soybean oil prices fell, then palm oil, and then sunflower oil. Now, processors are trying ...

Source: Sinor