Sunseed prices in Ukraine remain under pressure from falling export prices for sunflower oil

Published 2024년 12월 4일

Tridge summary

Sunflower seed prices in Ukraine are stabilizing, but sunflower oil export prices continue to fall, leading processors to reduce raw material purchase prices. Current sunflower oil prices at crushing plants are between 25,000 and 26,000 UAH per ton. Export demand for Ukrainian sunflower seeds may increase as Turkey plans to eliminate import duties within a quota and lower duties outside the quota from January 1 to April 30, 2025. Ukraine is transitioning from an SFS export licensing regime to a minimum price mechanism, though the licensing remains for exports to Bulgaria and four other EU countries. UkrAgroConsult provides market intelligence on grains and oilseeds through its AgriSupp platform, offering a 7-day free demo.

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

Original content

The decline in SFS prices in Ukraine slowed slightly last week, but the gradual decline in export prices for sunflower oil is forcing processors to continue to lower purchase prices for raw materials. Currently, the prices for sunflower oil delivered to the crushing plant are 25000-26000 UAH/t. In the near future, export demand for Ukrainian sunseed may increase, as Turkey abolishes the duty on imports of sunflower seeds within the quota (currently 8%) and reduces the duty on imports outside the quota from January 1 to April 30, 2025. In addition, Ukraine is abolishing the SFS export licensing regime, which will be replaced by a minimum price mechanism. At the same time, the licensing regime remains in place for exports to Bulgaria and 4 other EU countries. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp. It ...

Source: UkrAgroConsult