Sunflower prices in Ukraine have stabilized and decreased slightly amid increased competition with Argentine products

Despite the new rise in oil prices, vegetable oil quotes remained fairly stable last week, and in the Indian market, sunflower oil prices even decreased amid increased supply from Argentina .

During the week, prices for sunflower oil delivered to India fell by another $10/t to $1,410-1,415/t CIF Mumbai, which reduced prices for Russian sunflower oil by $10/t to $1,315-1,320/t FOB, however, demand prices for Ukrainian sunflower oil during this time increased by another $5-10/t to $1,320-1,325/t delivered to Black Sea ports against the backdrop of a supply shortage. Over the weekend, another port-side oil extraction plant was damaged by drone strikes, and oil tanks were damaged in Chornomorsk.

Declining processing margins and new oil losses have led to reduced purchasing activity by some processors and a drop in purchasing prices.

At the end of last week, sunflower seed demand prices in Ukraine reached a record 33,000 UAH/t (for 50% oil content), but since Monday they have decreased by 300-500 UAH/t to 31,800-32,500 UAH/t or $635-650/t excluding VAT with delivery to the factory, remaining almost unchanged for a week.

The State Statistics Service of Ukraine provided a final report on the 2025 harvest, according to which sunflower production amounted to 10.24 million tons, which is 7% less than in the previous season. At the same time, as of April 1, 2026, sunflower stocks in Ukraine amounted to 2.6 million tons, which is 10% less than a year ago.

In May 2026, the export duty on sunflower oil from the Russian Federation will decrease by 3.5 times compared to April, from 16,222 to 4,650 rubles/t, which is equivalent to a decrease of $150/t. This will allow Russian exporters to earn higher profits and slightly lower prices, which will increase competition with Ukrainian and Argentine oil on the world market.

The lack of progress in negotiations between the US and Iran continues to push oil prices higher, so we expect a new increase in vegetable oil prices next week.