In Ukraine, the continuing fall in the price of sunflower

the price of sunflower oil after a record 1700 $/MT FOB pressure drop of palm oil fell to 1500-1550 $/t FOB, resulting in the purchase price of sunflower in Ukraine have fallen by 3500-4000 UAH/t.

One factor in the rising prices of sunflower oil to the record level of steel talks about the possible restriction of exports from Ukraine and Russia. However, due to high prices, a sharp drop in demand was stopped speculative growth and led to the decline in quotations to market levels.

Premium sunflower oil compared to soybean and palm remains very high and reaches 300-500 $/t. This reduces the demand from importers, especially given the increase in proposals from Argentina, which, although will gather a lower yield of sunflower and soybean, however, is strong competition from Russia and Ukraine offers new supply of the crop.

As of March 17, Argentine farmers have harvested the sunflower for 64% of the area, and the average yield of 2.14 t/ha. estimated Grain exchange Buenos Aires, this year's sunflower crop will not exceed 2.7 million tonnes, which will be the lowest rate since 2014 and is significantly inferior to last year's 3 million tonnes.

Purchase prices for sunflower 11-12 March reached a record 26500-27000 UAH/t or 950-970 $/t, and last week declined to 22100-23000 UAH/t or 800-830 $/t with delivery to the plant.

price drop again will stop the sale from manufacturers, which will wait for the level, these 25000-26000 UAH/t. Since most owners seeds do not require tools for planting, soon processors can again feel the shortage of raw materials, which will lead to another increase in prices.

However, please note that the seasonal increase in the production of palm oil and soy complex from South America in March-April, will significantly limit the next rise in price of vegetable oils.