The price of sunflower seeds and oil have updated the records and the lack of proposals

2021-03-11 12:03:16
Machine translation
The price of sunflower seeds and oil have updated the records and the lack of proposals

the March USDA balance was neutral for the markets of soybean and rapeseed. However, lower estimates of production and ending stocks of sunflower and sunflower oil led to another surge in prices, which last week was up 8% on the background of the shortage of supply.

 

In comparison with the previous report, the experts USDA lowered the forecast for the world production of sunflower in 2020/21 MG 181 thousand tons to 49,968 million tonnes (54,88 million tonnes in 2019/20 MG) due to the reduction of the crop in Argentina.

 

at the same Time for Ukraine, the assessment of the production of sunflower in 2020/21 MG left at 14 million tonnes, which is 15% or 2.5 million tons lower than in 2019/20 MG.

 

the score world production of sunflower oil reduced to 30 kt to 19,441 million tonnes (21,496 million tonnes in 2019/20 MG).

 

Forecast world exports of sunflower oil has increased by 100 thousand tons to 10.97 million tonnes (13,219 million tonnes in 2019/20 MG), in particular for Turkey by 0.1 thousand tons to 550 thousand tons (715 thousand tons in 2019/20 MG), while for Russia it is reduced to 50 thousand tonnes to 3 million tonnes (3.8 million tonnes in 2019/20 MG) and Ukraine was left at the level of 5.52 million tonnes (of 6.68 million tons in 2019/20 MG).

 

over the last week in Ukraine, the purchase price of sunflower with delivery to the plant increased by 7.8% to 24900-25500 UAH/t or 895-928 $/ton (with VAT=14%), depending on the oil content, which is the highest level in 10 years.

 

After increased sales of sunflower at the end of February, due to the high level of prices, from March 1 sales virtually stopped due to technical difficulties with processing of invoices after you change the VAT rate and amid a sharp rise in prices of sunflower oil and sunflower seeds.

 

behind the rapid rise in price of soy and palm oil, who this week added to the price of 7-8%, prices for Ukrainian sunflower oil with delivery in the second quarter also increased from 1520-1530 $/t FOB in 1680-1700 $/t FOB.

 

at the same Time, the price of sunflower meal after falling world, and within a week was down 10-15 $/t to 310-320 $/t for deliveries to the port.

 

New outbreaks of ASF in China may soon increase pressure on the prices of sunflower meal, while the pressure compensates for the constant growth of prices for sunflower oil.

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