In Ukraine, soybean prices are rising, while sunflower prices are falling

2021-05-06 12:02:39
Machine translation
In Ukraine, soybean prices are rising, while sunflower prices are falling

< span style="font-size:14px;" > there is a strange situation on the Sunflower market in Ukraine, when at the end of the season the activity of buyers decreased and purchase prices for the week fell from 24500-25500 UAH/ton to 23500-24000 UAH/ton with delivery to the factory.


at the same time, against the background of high demand from processors, purchase prices for soybeans with GMOs for the week increased from 18000-18300 UAH/t to 18500-18700 UAH/t with delivery to the plant, while prices for soybeans without GMOs reached a record 700-720 $/t or 22200-22800 UAH/t with delivery to the port or border due to significant demand from exporters.


< span style="font-size:14px;">forward prices for rapeseed of the new crop delivered to the port or border in July – August increased to 6 600-610/ton following World stock quotes.


< span style="font-size:14px;">prices for Ukrainian sunflower oil remain at 1 1530-1575/ton FOB for deliveries in May – July, while prices for deliveries from the new crop increased to 1 1180-1200/ton FOB.


on the Chicago SWOT, July soybean oil futures rose 1.6% to 1 1,419/ton, while December futures rose immediately by 3.9% to 1 1,247/ton. < / span> < / p>


< span style="font-size:14px;" > despite rising soybean oil prices in Chicago, palm oil futures in Malaysia remained at 4,044 ringgit/ton, or 9 982/ton, amid forecasts of increased inventories and reduced exports in May.


< span style="font-size:14px;">rising prices for sunflower and palm oil are being held back by a long weekend in China, especially given the almost complete lack of demand from India, which is the second main buyer of vegetable oils. Over the past day, four thousand people have died from Covid-19 in India, and the number of new infections has already exceeded 300 thousand people a day for two weeks, although, according to doctors, the real figures may be 5-10 times more.

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