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