Ukrainian sunflower oil prices are at a seasonal high

Refined Sunflower Oil

Ukraine

Market & Price Trends

Published Mar 22, 2024

Tridge summary

Last week, the Ukrainian sunflower oil export market experienced a price increase, with demand prices ranging between 780-795 dollars per ton, reflecting trends in global vegetable oil markets. Despite a 1% drop in exports in February compared to January, Ukraine saw a 15% increase in sunflower oil exports to Turkey and a significant rise in exports to India, from 700 tonnes in January to 38,100 tonnes in February. The overall decline in exports was primarily due to a 10% reduction in supplies to the European Union.

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

In the last week, the market for the export of sunflower oil from Ukraine was dominated by an increase in prices against the background of the same trends in the international markets of vegetable oils, according to the observations of analysts of the electronic publication APK-Inform. Demand prices for sunflower oil produced in Ukraine are mostly in the range of 780-795 dollars per ton on a CRT basis including transportation costs - note ed.), which is 30-38 dollars per ton more than the previous week. The publication also noted that last week the export of sunflower oil from Ukraine increased to 156 thousand tons, or 9% more compared to the previous week. At the same time, analysts of the publication report that the export of sunflower oil from Ukraine decreased in February by 1% compared to January to 603 thousand tons, but it is the second February result for the entire history after the 627 thousand tons exported during the 2019-2020 agricultural season. Mainly responsible ...

Source: Sinor