Sunflower is cheaper on the background of falling prices for oil
In the domestic market of crude sunoil observed a downward price trend. It is due to the fall of esporta prices affected by the decline of quotations in the world markets grocery oils and crude oil market, which fell from 52 to 47 $/barrel.
For two weeks from 13 to 24 October, the futures of soybean oil on the Chicago exchange CME increased by 8.5% or 62,39 $/ton, has risen from 731,05 $/t to 793,44 $/ton. After the price is somewhat rolled back, falling 3.2% 25,13 or $/ton. As of November 3, the quotation of soybean oil was 768,31 $/ton.
In the latest Egyptian tender, the state Agency GASC bought 45 thousand tons of sunflower oil with delivery in the period December 15 – January 5, 2017
- 40 thousand tonnes from Glencore at a price 793 $/t C&F
- 5 thousand tons, the company Aston price 796,98 $/t C&F.
the Decline in the price of oil directly impact on the procurement price of sunflower. During recent weeks, refiners have reduced the price of 150-300 UAH/ton.
Now the price of sunflower is:
- 10300-10400 UAH/t with delivery to the factory
- 10000-10100 UAH/t on the Franco-elevators.