Ukraine: The prices of sunflower are increasing, while soybeans and rapeseed are falling

Published 2022년 11월 25일

Tridge summary

Sunflower prices in Ukraine are increasing due to higher export of seeds and processing products, causing a shortage and forcing processors to buy more at higher prices. However, export prices for sunflower oil and seeds are decreasing, and demand for soybeans is falling both in Ukraine and from European buyers due to unstable processing and low demand for edible vegetable oils. The small sunflower crop this year and missile attacks on Ukrainian infrastructure are also impacting the market. In October, EU countries processed significantly less sunflower and soybeans but more rapeseed due to biodiesel demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sunflower prices in Ukraine are rising against the background of increased export of seeds and processing products. The intensification of the calls of ships to Black Sea ports and the rate of sunflower exports are forcing processors to intensify purchases and raise prices, given the shortage of offers from farmers. The Joint Coordination Center reports that as of November 22, 76 ships are waiting for permission to enter the ports of Ukraine through the grain corridor (although at the beginning of the month there were 175), and another 33 loaded ships are being prepared for inspection in Turkish territorial waters before departure to their destinations. According to the Ministry of Agriculture, during the week, Ukraine increased its export of sunflower oil by 9% to 175.5 thousand tons, but decreased the export of seeds by 6.5% to 94.8 thousand tons and sunflower meal - by 67.5% to 46, 99 thousand tons due to the lack of supplies from producers. In total, 1.36 million tons of ...
Source: Agroconf

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