The price of sunflower in Ukraine has exceeded 20000 UAH/t, which activates the sale

the Purchase price of sunflower in Ukraine is rapidly growing in world prices for vegetable oil and the dollar on the interbank market. The rise in price of vegetable oils is primarily due to a long strike by workers in ports and in enterprises for processing of oil in Argentina, which has already led to delayed shipments of 1 million tons of soybean meal, 1 million tons of corn and 0.5 MMT of soybean oil. In anticipation of the load on the roads has accumulated more than 130 ships.

Monday prices for sunflower seed in Ukraine increased by 500-1000 UAH/t to 19500-20200 UAH/t or 685-710 $/t, the increase in the price of 400 UAH/t, provided the depreciation of the hryvnia exchange rate on 2% for three days.

the bid Prices for Ukrainian sunflower oil grew by 20-30 $/t to 1170-1200 $/t FOB depending on the terms of supply following the increase in market prices for soybean oil and meal.

the March futures for soybean oil on the stock exchange in Chicago Monday grew by 3.5% to 884,7 $/ton, although during the session reached 896 $/t, whereas soybean meal has risen by 2.7% to 455,7 $/t

the Decline in oil prices during the two days of 4-4,5% pressure on prices of palm oil and only strike in Argentina, hold prices for soybean oil at a high level.

Futures on palm oil exchange in Malaysia for two days fell by 1% to 3412 Ringgits/t or 840,6 $/t, and the government's introduction of the January export duty will increase pressure on prices.

Malaysian Authorities have decided as from 1 January 2021 to introduce export duties on palm oil in the amount of 8% at the base price calculation 3475,44 Ringgits/t, which reduces export demand. Recall that from June to December the country had a zero duty on palm oil exports, which should stimulate demand from major buyers, particularly India, and also to support the industry in a pandemic Covid-19.

the Ministry of energy of Indonesia has decided to return to the original plan to increase biodiesel production from palm oil in 2021 and 9.2 billion litres, although in the past against the uncertainty of demand for motor fuel, reported reduction plans of up to 8.5 billion gallons.

On the Chinese stock exchange in Dalian futures for palm oil fell by 3.1% to 6572 yuan/t or 1005 $/t, and soybean – by 2.7% to 7508 yuan/ton or 1148 $/t

Today the markets will be traded under pressure from the U.S., where the President trump refused to sign the aid package economy $ 900 billion that can change price trends.