The price of sunflower remains under pressure from falling prices for oil

2017-04-24 14:02:00
Machine translation
The price of sunflower remains under pressure from falling prices for oil

the Fall in world prices for palm and soybean oil has stopped, however, the price of Ukrainian sunflower oil in the last week has decreased on the basis of FOB – Black sea ports another 5-10 $/t to 715-725 $/t

 

Analysts say that the ports have accumulated a significant amount of oil pressured prices. In Europe, the price of sunflower oil under the influence of adjacent markets also declined by $5/MT to the level 765-780 $/MT on FOB basis Rotterdam.

 

due to the falling prices for oil sunflower is cheaper. In Ukraine sunflower prices will remain under significant influence of the demand from the processors and the small volume of proposals from manufacturers. The processors reduce their own margins, trying to get the raw material for the production spout on the growth of oil prices in may and June.

 

Today, purchasing prices for sunflower voiced at:

  • EXW-Elevator 10500-10800 UAH/ton,
  • CPT-plant 10900-11250 UAH/ton.

Exporters on FOB – Black sea ports offer 375-385 $/t

 

According Minagropolitiki, as of April 18 sunflower sown 1,275 million hectares, representing 24% of the planned sowing of 5.39 million hectares last year at this date were sown 1,598 million ha. However, this year the sowing campaign has slowed down due to deteriorating weather conditions.