The purchase price of soybean and sunflower in Ukraine remain under pressure drop of vegetable oil markets
the vegetable oil and sunflower after reaching in mid-March highs predicted began to sink under the pressure reducing demand and increasing the supply of new crop soybeans from South America.
the Prices on the black sea sunflower oil for delivery in the coming months are at the level of 1475-1530 $/t FOB and remain under the pressure of falling prices for soybean oil.
the bid Price for soybean oil by the Polish buyers are 1180-1200 $/t with delivery to the border, and the number of proposals from processors grows.
On the stock exchange in Chicago yesterday the may soybean futures fell 0.7% to 517 $/ton, and soy oil – 2.7% to 1162,5 $/t on the data to reduce the export of soybean meal and oil from the U.S. in February compared to January, and a predicted increase of the soybean crop in Argentina and Brazil.
the Sixth consecutive session expensive June futures of palm oil on the stock exchange in Malaysia, which, thanks to strong demand yesterday rose by 1.1% to 3845 ringgit/t or 931 $/t
In Ukraine processors this week lowered the purchase price of sunflower in 22400-23000 UAH/t or 800-825 $/ton (with VAT) delivered to the factory.
Offers sunflower almost nonexistent, but to buy it at high prices processors are not at risk given the decline in prices of sunflower oil and soya.
Prices demand for soybeans GMO by exporters remain low 515-525 $/t or 16350-16700 UAH/t that has allowed refiners to lower the price with 18500-19000 UAH/t to 17800-18500 UAH/t with delivery to the plant.
at the same Time for soy non-GMO high protein exporters offer 635-645 $/t or 19800-20300 UAH/t with delivery to the port or border.
the Decline in export prices for sunflower meal to 280-290 $/t and the cake of soybeans GMO to 580-585 $/t or 17500-18000 UAH/t with delivery to the border continues to reduce the refining margin, which increases pressure on the purchase price.