Sunflower prices in Ukraine are gradually strengthening

2018-12-11 12:04:03
Machine translation
Sunflower prices in Ukraine are gradually strengthening

a Decline in prices for sunflower oil 625 $/t FOB amid a record harvest of sunflower at the level of 14.5 million tonnes topple the purchase price to 10000-10500 UAH/t with delivery to the plant. Processors were actively buying cheap raw materials and have accumulated reserves to March 2019, for which some have even stopped the purchase.

 

the Fall of prices for sunflower oil have increased export sales, whereas the increase of processing capacity increase competition among buyers of seeds. Because of this, and with the support of the growth of prices for sunflower oil for 3-5 $/t and the devaluation of the hryvnia, sunflower prices last week was higher.

 

According to "APK-inform", in October, domestic enterprises processed a record 1.44 million tonnes of sunflower, which is 3% higher than last year.

 

In September-October from 2.6 million tons of sunflower were produced 1.14 million tons of sunflower oil, which is 11% higher compared to the corresponding period of the previous season.

 

the Volume of processing of sunflower in 2018/19 MG in comparison with the previous season could grow by 11% to 14.7 million tonnes due to the increase of crop yield and gross harvesting and record rates of processing of raw materials.

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