The approach the record harvest of sunflower collapsing prices
In the southern regions of Ukraine have commenced the harvest of early maturing varieties of sunflower. However, mass harvesting of this crop is scheduled to begin next week.
According to specified data the number of sown areas under sunflower amounted to more than 5.75 million ha (although the experts say about 6.1 million ha). Weather conditions were fairly favorable for maturing plants, so the gross yield is projected at not less than 13 million tons, up 12% over last year's harvest.
Good harvest of sunflower in the world and in Ukraine and forecast a record soybean crop in the United States continue to put pressure on prices of oilseeds and oil. The main Ukrainian processors of sunflower have already declared the prices for new crop sunseeds at the level of UAH 8600-8800/ton delivered to the plant, which is about 355 dollars/ton. It's 20-40 dollars below last year's prices.
Prices for soybeans new crop, by contrast, show growth. So, if last year soybeans were worth $ 320-330/ton delivered to the port, but now buyers call 370-375 dollars with delivery in October.