Sunflower prices are rising, but the factors of support have been exhausted
the Period when a record gross harvest of sunflower has kept the price of oil finidshed . Now due to the increased exports of sunflower oil processors are trying to increase production and increase the purchase of raw materials, which pushes prices up sunflower.
the rising cost of sunflower oil on world markets and the January devaluation of the hryvnia led to a rise in prices for sunflower seeds in 11200-11500 UAH/t with delivery to the plant, and 10800-11000 UAH/t on the domestic elevators.
the Collection of sunflower and soybean in Argentina will put the focus of major importers of these crops to South America, that the rising prices of oilseeds in Ukraine will stop.
According to forecasts of analysts of Oil World, Argentina may collect in the current season 3,4 million tons of sunflower, which exceeds the previous year's figure of 2.83 million tons and will be the largest harvest in the last five years.
As of 26.01.17 in Argentina harvested with 25% planted sunflowers squares, which is 2% higher than the same period last year.
this season, the soybean harvest in Argentina will decline to 53.5-54 million tons to 56 million tons of season 2015/16.