Situation on the Ukrainian sunflower market is becoming increasingly tense
Over the week of October 10–17, sunseed prices rose by UAH 1,000 to UAH 27,500/mt ($658.07/t).
Crushers’ sunflower seed demand is climbing faster than supply, pushing bids up. Harvest pace is 13% behind last year and yield stays below 2 mt/ha, so the bearish crop scenario is getting more likely. Crushers are stockpiling oilseeds they can buy/crush to reduce unloading risks.
Farmers keep holding for higher prices. This is supportive for sunoil in November and January. However, it is indirect support.
More detailed information on the latest trends in oilseeds/vegoils and meals exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!
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