The rise in prices of vegetable oils support the price of sunflower

2019-12-09 12:05:19
Machine translation
The rise in prices of vegetable oils support the price of sunflower

In Ukraine, purchasing prices for sunflower seeds continued to grow., despite the stable prices of sunflower oil and the gradual strengthening of the hryvnia.

 

the Reduction in raw materials inventory in anticipation of the holidays and the rapid rise in prices of palm and soybean oil, forced processors to raise the price 150-200 UAH/t to 9800-10300 UAH/t with delivery to the plant or 8900-9200 UAH/t on the French economy.

 

Ukraine completed the harvesting campaign of sunflower and as of December 4, harvested 14.6 million tons of seeds with an average yield of 2.51 t/ha.

 

According to Gostamsluzhby of Ukraine, as of November 1 sunflower stocks by 3.5% exceeded the level of last year, in particular on the enterprises which are engaged in processing and storage by 11%.

 

February futures for palm oil exchange in Malaysia on Friday rose by 1.5% to 685,37 $/t and for the first time in 9 years exceeded the cost of American f' futures for soybean oil, while in October the difference between them reaches 100 $/t. During this period, palm oil went up by 33% because of the intention of Malaysia and Indonesia amid a decline in production to increase domestic consumption of palm oil in the production of biofuels in 2020

 

the January f' of usersi for soybean oil in Chicago in p' Friday rose just 3% to 696,88 $/t after the quotation of palm oil on par with them in price.

 

Prices for soy and sunflower oil in Argentina on Friday rose sharply on news of financial problems caused by the reduction in the production of the biggest processor company Vicentin. Bid prices of sunflower oil increased by 15 $/t to 735 $/MT FOB Up River, and soy - to 725-730 $/t FOB Up River.

 

Prices of Ukrainian sunflower oil with delivery in the 1st quarter of 2020 at the end of the week rose to 745-750 $/t FOB, but buyers are in no hurry to step up the purchase, so this week we spostarti further growth of prices for sunflower oil and seeds.

 

the canadian Bureau of statistics, Statcan reduced the production forecast for canola 4% to 18.65 million tons, which is 8.3% below last year and lowest since 2015 level. Through this February futures on rapeseed on Euronext rose to 397 €/t or 438,88 $/ton, and canola oil until 810-813 €/t DM FOB for January shipments.

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