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Ukrainian sunflower crush margins fall on low sunflower oil

Refined Sunflower Oil
Published Mar 1, 2024

Tridge summary

Sunflower oil and meal producers in the Black Sea region are experiencing reduced margins due to a 7% drop in sunflower oil prices and a 24% plunge in meal prices over the past month. This is attributed to weak demand from major markets such as India, China, and the EU. The situation could lead to a decrease in production levels in February, especially in Ukraine. Meanwhile, India is now prioritising Argentine sunflower oil purchases, while Russian sellers are attempting to increase their market share in Turkey by lowering prices.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Sunflower oil and meal producers are under pressure across the Black Sea region, after prices for processed products have tumbled over the past month, cutting margins for producers to the bare minimum in some regions, trade sources have told Agricensus Friday. Prices for sunflower oil have fallen 7% over the period, while meal prices have plunged 24% under pressure from prevailing and relatively light demand from the main destinations, leaving processing margins in some regions squeezed as sunflower prices remain at high levels. That could tee up a reduction in output, and has left traders expecting February to see a reduction in expected production levels, particularly in Ukraine as Russia targets excess flows into the Turkish market. Prices Sunflower oil prices from sellers have decreased by an average of $60-70/mt – or 7% – over the past month depending on the country of origin and were heard at $835-840/mt CIF Mersin for spot delivery, against buyers’ ideas at $825-830/mt CIF ...
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