Purchase prices for sunflower seeds in Ukraine continue to fall
< span style="font-size:14px;">the decline in prices for vegetable oils puts pressure on the purchase prices for sunflower in Ukraine, which for the week fell from 24000-24500 UAH/ton to 22000-23000 UAH/ton with delivery to the plant.
< span style="font-size:14px;">demand prices for Ukrainian sunflower oil delivered in May – July decreased to F 1,500/ton FOB, and for deliveries from the new crop – to.1,150/ton FOB.
< span style="font-size:14px;" > at the end of the season, agricultural farms still have minimal sunflower stocks, so processors will gradually stop purchasing, preparing for the acceptance of rapeseed of the new crop. In May, Allseeds was forced to purchase a batch of Australian canola and recycle it under a toll-free scheme in order to load its own capacity.
< span style="font-size:14px;">traders are concerned about the unusually low demand for sunflower oil. Initially, it was due to its high cost compared to soybean and palm oil, and after the increase in prices for soybean oil to the level of sunflower prices, quarantine began in India, which reduced demand for sunflower oil in favor of cheaper oils.
< span style="font-size:14px;">Malaysian authorities have restricted the work of oil palm harvesting and processing plants to 60% capacity to reduce the movement of people. Against this background, palm oil futures on Tuesday rose 3.4% to 4,024 ringgits / ton or 9 977 / ton.< / span> < / p>
< span style="font-size:14px;">AmSpec Agri Malaysia estimates that the country exported 1.07 million tons of palm oil during May 1-25, compared to 1.03 million tons for the corresponding period in April. Overall, in April, Malaysian palm oil exports increased by 9.7% to 1.4 million tons.
< span style="font-size:14px;">on the Chicago SWOT, soybean oil prices rose slightly on Monday, but fell again on Tuesday, and now July futures are trading at 1 1,449/ton, and December – at.1,277/ton, adding 0.8% since the beginning of the week.
< span style="font-size:14px;">favorable weather in the United States and high soybean sowing rates continue to put pressure on the soybean and soybean oil markets of the new crop. And an increase in farmers ' sowing areas will lead to a further drop in prices.
on the Dalian Stock Exchange yesterday, palm oil futures rose 1.1% to 1 1,206/ton, and soybean futures rose 0.7% to 1 1,351/ton. < / span> < / p>
