Wet sunflower seeds add problems to Ukrainian farmers

Sunflower yields remain lower than last year and do not give reason to expect more than 10 million tons of total harvest this season.

As reported by Spike Brokers in Telegram, as of the end of last week, 7.8 million tons of sunseed  were harvested in Ukraine, compared to 9.5 million tons last year.

It is noted that prices for sunflower oil in northern European ports increased by $20 per week. A similar strengthening is observed in the direction of Ukrainian seaports, where quotes rose by $20 to $1,280 CPT.

“Processing plants are currently provided with raw materials for a little more than a month of work. Harvesting wet sunseed creates significant challenges for farmers in the process of bringing it to conditions and increases the risks of quality decline,” experts add.

Sunflower seeds prices increased by $10-15 including VAT during the week. The spot price index for sunflower seeds with delivery within 30 days increased by $11 including VAT to $688 including VAT. The price is given for the basic quality 8/3/48, adjusted for the cost of transportation from the plant to the СРТ Odesa base.

Tags: Ukraine, sunseed