Sunflower prices continue to decline
international prices for oilseeds continue to fall, which allows processors to lower purchasing prices for sunflower oil.
Sunflower oil fell by$ 5 and is now trading at 725-740 $/MT on FOB – Black sea ports or 780-785 $/t FOB Rotterdam.
In Ukraine, purchasing prices for sunflower seeds fell by 100-200 UAH/t to the level.
- 10300-10400 UAH/t on FCA car buyer
- 10400-10800 UAH/t on CPT plant.
Experts Oil World forecast in season 2017/18 reduction in the production of sunflower compared to the current season with up to 46,82 exchanged them for 48.22 million tonnes due to the reduction of acreage by 0.2 million hectares to 26.5 million hectares and the deterioration of the yield from 18.1 to 17.7 C/ha.
the production Volume of sunflower in Ukraine will decrease from 14.4% to 13.4 million tonnes, Russia – from 11.01 to 10.3 million tons at the same time due to the expansion of acreage and increase crop yields in Romania and Bulgaria for the EU crop forecast is increased from 8.31 to 8.4 million tons, China – with the 2.75 to 2.8 million tons, Turkey – from 1.47 to 1.62 million tons.
due to the increase In carryover stocks at the beginning of the season from 3.27 to 3.59 million tons, the volume of processed seeds in 2017/18 MG is estimated at 50,41 million tonnes vs. the current 51,49 million tons.