Sunflower prices expected rise in price of sunflower oil

Prices for vegetable oils remains low, under pressure from forecasts of increased production of palm oil and soybean crop in South America amid falling demand from China. Increasing the production of sunflower oil in Ukraine and Russia's further pressure on quotations.

the Price of soybeans in the near future will not grow as a result of delaying the signing of an agreement between the U.S. and China. However, the statement about trump's intentions to leave the import duty on Chinese products for a long time, not only to the signing of the agreement, but also after, to ensure that China fulfills its commitments, calls into question the very fact of signing the agreement.

during the month in Chicago soybean futures remain at 332,9 $/ton, while soybean oil fell by 5% to 646 $/t

it is Possible to reduce palm oil production due to drought supported by several quotes. On the stock exchange in Bursa futures on malaysische palm oil rose on Wednesday to a two-week high 532,35 $/t through increased export, which is 20 days March rose compared to February of 0.8% to 925 thousand tons.

Last week, palm oil prices dropped by 2.8%, however, by the end of the week, the market played a fall and the results of the two weeks was closed with a plus of 2.2%.

the market of sunflower oil under pressure to neighbouring markets, palm and soybean oil, as buyers from China and India interested in lower prices.

week prices demand for Ukrainian sunflower oil decreased by 5-8 $/t to 655-660 $/t FOB Black sea, while prices remained at the level of 665 $/t FOB for shipments in April-may.

the EU, the prices for sunflower oil fell to the lowest since February, level - 690 USD/MT FOB for shipments in April-may.

In Ukraine due to the growth of the dollar by 3.4% over the week, purchasing prices for sunflower increased by 200-300 UAH/t, but gains were limited falling purchasing prices for sunflower oil.

the Seasonal increase in supply of sunflower seeds from producers also puts pressure on prices, which are now 10200-10800 UAH with delivery to the plant and 9800-10000 UAH/t on the French economy. In the near future the prices for sunflower oil are strengthened by the support of the palm oil that will contribute to the growth of prices for sunflower. The speculative correction in the dollar on the interbank market to 27.5-27.8 per UAH/$ ahead of the elections will also support prices.