Prices for oilseeds in Ukraine continue to grow

< span style="font-size:14px;" > as the end of the season approaches, the shortage of oilseeds is increasing in Ukraine, even despite a slight decrease in export demand for oilseed processing products, so purchase prices are rising following the prices of vegetable oils.

< span style="font-size:14px;">so, the purchase prices for sunflower with delivery to the plant increased to 24200-25000 UAH / t, and processors refuse to buy high-oleic sunflower, or discount the price for it by 1500-2000 UAH / t, whereas a year ago they offered a premium of up to 2500-3000 UAH/t.< / span> < / p>

for soybeans with GMOs, processors raised the price by another 200-300 UAH/t in a week to 18700-19000 UAH/t with delivery to the factory, while exporters in the port offer неї 530-540/t for it. port or border, so processors are forced to buy it at high prices.

< span style="font-size:14px;">forward prices for rapeseed of the new crop increased to 6 630-640/ton for deliveries to the port or border in July – August against the background of forecasts of low yields in Ukraine and the EU.

< span style="font-size:14px;" > the pace of sunflower oil exports from Ukraine is slowing down. During January-April 2021, exports decreased by 31% compared to the same period in 2020 to 1.74 million tons due to significantly higher prices for sunflower oil than for soybean and palm oil in March and April.

< span style = "font-size:14px;" >according to Oil World estimates, in March and April, Brazil and Argentina increased soybean oil exports by 41% compared to the corresponding period last year to 1.47 million tons.

< span style="font-size:14px;">prices for deliveries of Ukrainian sunflower oil in May – July increased to 1 1535-1565/ton FOB, while for deliveries in Q4 they reached 1 1280-1300/ton FOB.

< span style="font-size:14px;" > on the Chicago SWOT amid a shortage of offers, despite the reduction in processing in March and April, July soybean oil futures rose to 1 1,530/ton, and December – to F 1,320/ton FOB.

as soybean oil prices rose in Chicago, August palm oil futures rose to 4,242 ringgits/ton or 1 1,027/ton on the Malaysian stock exchange. < / span> < / p>

< span style="font-size:14px;">according to surveyors and the sppoma Association, Malaysia in the first half of May increased palm oil exports by 17% compared to the corresponding period in April and reduced production by 18.7%, which will soon lead to a new jump in prices.

< span style="font-size:14px;" > in the near future, data on soybean crops in the United States and canola in Canada may significantly affect oilseed prices, similar to the corn market, where the forecast of a large harvest in the United States collapsed quotes.