Sunflower oil market in Ukraine is driving up demand for sunflower seeds

UkrAgroConsult

A sharp rise in SFO prices brought SFS back to record levels. Over the week of January 9–16, sunseed prices increased by UAH 1,000/mt (USD 23.03/mt) to an average of UAH 29,500/mt (USD 679.39/mt).

On a CPT-plant basis, prices reached the psychological threshold of 30,000 UAH/mt (USD 691.04/mt), while for SFS with an oil content of 50%+, prices climbed up to 31,000 UAH/mt (USD 714.07/mt) and above with delivery to crushing facilities in the Black Sea ports.

Increased supply does not fully meet the crushers demand, they are trying to replenish their raw material stocks after the long holidays. If prices remain at these levels, UkrAgroConsult  expects seriously growth of SFS sales by farmers. In the short term, SFO will continue to be a supportive factor.

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!

Start using analytical data and increase your efficiency now!

Register to get your demo access: http://agrisupp.com/en/register/1

Tags: Ukraine, sunflower oil, prices, sunseed