Sunseed prices in Ukraine are rising, but further growth is limited by competition on world markets

million tons of sunflower were harvested from 66.8% of the area in Ukraine with an average yield of 1.85 tons/ha, while last year on this date, 8.8 million tons of sunflower were harvested from 87% of the area with a yield of 2.05 tons/ha. Dry, albeit cool, weather has set in this week, which will facilitate the harvest of sunflower and soybeans and possibly increase supply from farmers. Over the week, the demand prices for sunflower in Ukraine increased by another 500 UAH/t to 28,000–28,500 UAH/t or $590–600/t excluding VAT (for 50% oil content) with delivery to the factory, which was also facilitated by the 1% increase in the dollar exchange rate against the hryvnia. In September, the volume of sunflower processing in Ukraine amounted to only 560 thousand tons, which is the lowest figure since July 2022. Amid the delay in deliveries, demand prices for sunflower oil remain high at $1,200–1,220/t for delivery to ports in October, as prices for Russian oil increased by $10/t to ...