Processors have increased purchases of sunflower seeds in Ukraine
Processing plants have stepped up purchases of sunseed: their starting stocks are half as small as last year. This stimulates competition among buyers, reports Spike Brokers.
Purchase prices for sunflower seeds at the end of the week increased to $690/t including VAT (port/plant equivalent).
According to brokers, the external market is also supporting prices: in northern European ports, the premium for sunflower oil in the spot market exceeds $100/t, which strengthens demand for Ukrainian products.
As of September 11, Ukraine had harvested 885 thousand tons of sunseed compared to over 3 million tons last year. The yield of the first threshing is 1.55 tons/ha, which is 21% lower than last year. This increases concerns about the new season’s harvest.
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