Purchase prices for sunflower seeds continued to grow at a tremendous pace

a Low yield of sunflower in the South of Ukraine, as well as the continued growth of prices for sunflower oil continues to raise purchasing prices for sunflower in the last three days increased by another 800-1000 UAH /t to 12800-13400 UAH/t with delivery to the plant.

Such unrestrained growth of prices for sunflower oil due to delays in harvesting, and also due to containment of sales of seed by farmers, as well as the continued rapid growth of prices for sunflower oil on the world market, despite the stabilization and a small pullback in the market of palm and soybean oils.

the offer Prices for Ukrainian sunflower oil grew to 920-930$ / t FOB against the background of growth of demand prices to the level of 900-910$/t FOB with delivery in September, but the most important thing that buyers have raised the price of purchases for delivery in October, December from 850 to 890-900$/t FOB, which has led to further deter sales from exporters and a further growth of prices.

it is Worth noting that prices for Ukrainian sunflower oil now at$ 50 / t FOB is more expensive than Russian, with delivery to India at$150/MT FOB offers are more expensive than soybean oil from Argentina that it will not increase sales.

Futures for palm oil and soybean oil remained stable, despite the sharp drop of oil prices by 10-12% Over the last week and currently awaiting the release of the updated balance of the world from the USDA which can be adjusted production volumes and consumption forecasts of the oilseed amid strong imports in recent months.

Futures on palm oil exchange in Malaysia are traded at 2 814 ringgit per tonne, or 676,12 $/t, like a week ago because the production of exports and balances for August was adjusted. Production increased compared to July by 3.1% against a forecast of 1.5-2%, exports fell by 11.3% against expectations of 14%, and the level of inventories amounted to 1.7 million tonnes, well below market expectations of 1.78 million tons.

for the first 10 days of September palm oil exports rose 10% against the same period of August, with market analysts expect a growth of 13-14%.

Futures for soybean oil in the U.S. remain at the same level 732$/t on the background of stabilization of prices of soybeans and pressure from the drop in oil prices, as the increase in consumption of soybean oil for biofuel production has provided key support to prices in recent months.

Prices for rapeseed oil in the Netherlands fell for the second consecutive session amid falling oil prices and lower prices for canola.