Low demand for sunflower puts pressure on prices
For eight months of the current season, domestic farmers exported 176,7 thousand tons of sunflower seeds, which is almost twice more than the same period last year. A record export volume of sunflower were recorded in 2011/12, when foreign markets have implemented 281,7 thousand tons of sunflower seeds.
Ukraine is a world leader in the export of sunflower oil. In 2016, the export of sunflower oil from domestic production amounted to 4.8 million tonnes, which is 23% higher than the 2015.
sunflower Production in 2016 compared to 2015 year increased by 21.7% to 13.6 million tonnes, which allowed refiners to download almost all the available power.
the Fall in world prices for soybean and palm oil pressure on the price of sunflower oil, which is now on the basis FOB – Black sea ports is trading at 720-730 $/t
the trend of decrease in procurement prices for sunflower oil. Today, they are:
- 10500-10600 UAH/t on elevators,
- 10600-10800 UAH/t at the plant.