Ukraine continues a seasonal fall of prices for sunflower

Following the quotations of vegetable oils continue to decline prices for sunflower. Further pressure on prices, the seasonal increase in the supply of sunflower on the market.

Since the beginning of the week, palm oil prices in Kuala Lumpur fell by 6.4% to 522,02 $/t

This has led to lower prices for sunflower oil by 5-10 $/MT to 655-675 $/t FOB.

In Ukraine sunflower continues to become cheaper under the pressure of reduction of prices for sunflower oil, the strengthening of the hryvnia and the seasonal increase in proposals from manufacturers.

Processors offer 10300-11000 UAH/t with delivery to the plant and 10000-10200 on ex-farm.

the Falling prices for soybeans and oil in Chicago has limited information on the active weekly sales of soybeans amounted to 2,196 million tonnes Of which 1.8 million tonnes was acquired by China within the framework of the announced at a trade negotiations of purchasing party 10 mln tons.

Increase in offers from South America puts pressure on world markets. According to experts BAGE, in Argentina, sunflower is harvested from 41.1% of the area, and the total harvest will amount to 3.9 million tons.