Sunseed purchase prices in Ukraine fell to $690/t due to logistical risks
The global sunflower oil market remains stable, but sunseed prices in Ukraine are under pressure due to logistical risks. Spike Brokers reports.
“The global vegetable oil market remains relatively stable. Sunflower oil prices in Northern Europe are held at high levels, although the forward curve already reflects the expected seasonal increase in supply from the new crop,” brokers said.
Meanwhile, in Ukraine, the determining factor was not world quotes, but logistical risks. Due to the lack of understanding of the future cost of delivering finished products, most processors simultaneously adjusted their purchase prices for sunflower to $690/t (-$15/t).
“Despite the relatively stable processing margin, plants are not ready to actively build up reserves until the mechanism for exporting oil in the coming weeks becomes clear,” brokers summarized.
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