Main points
- Sunflower prices in Ukraine have risen to $689 per ton due to active demand from processors.
- Sunflower seed exports were low in January, while sunflower oil exports approached 400,000 tons.
Sunflower prices are rising / Photo Pixabay
The sunflower market in Ukraine has become more active – in a week, prices on CPT-port terms increased to 689 USD per ton. The growth is supported by increased domestic demand from processing enterprises.
The sunflower market has revived
Sunflower prices on CPT-port terms rose to $689 per ton, adding $4 per ton per week, according to Spike Brokers. Market analysts attributed the dynamics to active purchases of raw materials by leading processors for February.
At the same time, the export direction remains practically motionless. For 29 days of January, sunflower seed exports did not exceed 6 thousand tons, which is explained by high domestic consumption and attractive processing prices.
Take your agribusiness to the next level! Open Agri Club is a platform that helps small farmers and agribusinesses develop, implement new solutions and grow. Financing for sowing, soil analysis, fertilizers, expert experience and professional consultations. Build the future of the Ukrainian agricultural sector together with Open Agri Club.
The sunflower oil market remains stable. Demand from the European Union remains high, and port logistics are working rhythmically. According to the results of January, oil exports are approaching 400 thousand tons, although the volume of transshipment through ports has decreased somewhat due to reduced activity and a partial reorientation of traders to land routes.
On the world market, sunflower oil prices have not changed significantly. On FOB six ports of the European Union, the March contract is held at around USD 1,485 per tonne. This supports the export attractiveness of the product, but restrains further growth in domestic prices due to limited margins. Processing remains at a high level, although the spread between sunflower oil, soybean and rapeseed is gradually narrowing.
Sunflower prices in Ukraine have gone down: processors are reducing purchases
-
Ukraine is recording a gradual decline in sunflower prices due to restrained purchasing activity by processing enterprises.
-
Analysts expect further correction in quotes, although a sharp market collapse is not expected due to limited sunflower supply.