The record harvest of sunflower in Ukraine will not significantly affect the cost of oil

Published Oct 6, 2021

Tridge summary

Ukrainian farmers are expected to harvest 16.8 million tons of sunflower this year due to increased area and yields. However, prices for agricultural products remain high due to high value in exporting countries and restricted sales by Ukrainian farmers. Despite the anticipated good harvest, prices for sunflower oil are expected to decline gradually. However, other food products are becoming more expensive to balance the rise in prices for sunflower oil and sugar.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Iryna Ozip, APK-Inform's marketing director, told about it, apk-inform.com reports. "This year, farmers can harvest 16.8 million tons of sunflower by increasing the area and increasing yields. However, prices for agricultural products of Ukrainian producers are still high. The main factors influencing prices are the high level of value in the main exporting countries due to reduced production and restrained sales by Ukrainian farmers, "said Ozip. However, in the agricultural environment it is expected that a good harvest can be maintained throughout the season. In turn, the profile portal GrainTrade expects a gradual decline in the cost of sunflower oil. Last week, prices for vegetable oil on world markets jumped due to high fuel prices, as well as in anticipation of increased demand. "In recent months, Ukrainian consumers have been most troubled by rising prices for sunflower oil and sugar, ...
Source: Agravery

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