Sunflower prices in Ukraine remain stable despite the rapid growth of world prices for soybeans and rapeseed

2021-04-28 12:06:29
Machine translation
Sunflower prices in Ukraine remain stable despite the rapid growth of world prices for soybeans and rapeseed

< span style="font-size:14px;" > in Ukraine, purchase prices for sunflower remain stable at the level of 24500-26000 UAH/ton (depending on quality indicators) with delivery to the plant, despite the rapid rise in the price of soybeans and rapeseed on world stock exchanges.

 

< span style="font-size:14px;" > the reason for this is a decrease in demand from India and China, which switched to using cheaper palm oil, as a result of which prices for Ukrainian sunflower oil stabilized at 1 1550-1575/ton FOB.

 

< span style="font-size:14px;">Indian buyers are holding back purchases, as quarantine measures introduced in certain regions of the country due to the spread of the Covid-19 pandemic have reduced demand, and tougher restrictions will further slow down the economy.

 

< span style="font-size:14px;" > as of April 22, Ukraine exported 3.7 million tons of sunflower oil, which is 69% of the export volume determined by the memorandum for this season. Processors still have sufficient reserves of products for export.

 

< span style="font-size:14px;">this year there is a strange situation in the market of high-oleic sunflower, prices for which have sharply decreased. If earlier they paid a premium of 3 30-60/ton for it compared to ordinary sunflower, now they buy it at a discount of.50-60/ton, and some plants refuse to accept it at all. The main buyers of high-oleic sunflower oil were European consumers, but high prices for sunflower oil forced the EU to increase imports of soybeans and rapeseed and increase domestic processing.

 

during July 1 – April 25, the EU reduced imports of sunflower oil by 38% compared to the same period of the previous season to 1.4 million tons. < /p>

 

< span style="font-size:14px;" > on the Chicago Stock Exchange, May soybean oil futures fell 3% to понеділок 1,436/ton after rising 7.5% on Monday, July – by 3.8% to.1,309/ton, December – by 2.7% to. 1,114/ton, soybean futures – by 1.2%.

 

< span style="font-size:14px;">amid a jump in soybean oil prices in Chicago on Monday, June palm oil futures on the Malaysian stock exchange rose 4.7% yesterday to 4,069 ringgits/ton or 9 993/ton on forecasts of further growth in demand from buyers switching to cheaper oil.

 

< span style="font-size:14px;" > despite forecasts of a sharp increase in sunflower sowing areas in Ukraine and Russia, forward prices for Black Sea sunflower oil increased to F 1100-1150/ton FOB against the background of active purchases from importers.

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