Market trends of sunflower oil
After reached between the OPEC agreement to reduce oil production, the prices stabilized at $50/barrel that does not provide support to the oilseed market. Falling prices for soya and palm oil in Kuala Lumpur due to low activity in the Asian markets caused by the celebration of China's Golden week puts pressure on price of oil.
the Ukrainian market of unrefined sunflower oil has responded to price trends in the world export markets, so this week the country has seen a decline in prices/demand.
As of October 5, the bid prices for sunflower oil are mostly in the range 21600-22000 UAH/ton, excluding the cost of delivery, on average, 200-300 UAH/t inferior to that of last week.
On terms FOB ports of Ukraine, the price of sunflower oil is in the range of 740-760 $/ton.