According to IA “APK-Inform”, in July 2024, the export of Ukrainian sunflower meal decreased to approximately 290 thousand tons, which is 28% less than in June, but 12% more compared to July 2023. This is the highest July indicator in the last 4 years.
In particular, supplies to China decreased by 16% to 179,000 tons, while exports to the European Union increased by 4% and reached 102,000 tons.
Read MoreThe demand for new-crop sunflower continues to grow, which is accompanied by news about the state of sown areas and another decrease in the forecast for the production of this oil crop in Ukraine in 2024. This was reported by APC-Inform, according to data published on agronews.ua.
Currently, preliminary prices for sunflowers of the 2024 harvest range from UAH 18,500 to UAH 20,000/t. However, processing companies are refraining from making specific proposals regarding purchase prices due to the current market volatility.
Read MoreThe Ukrainian agro-industrial sector is on the verge of significantly increasing the yield of oil crops in the 2024/25 marketing year (MR). According to forecasts of the association “Ukroliyaprom“, the total production of the main types of oil crops will reach 22.5 million tons, which is 3.8% higher than the previous season. The relevant data were provided by the State Statistics Service of Ukraine (State Statistics Service).
Read MoreIf earlier we wrote that Sunflower prices are unchanged, today the situation is changing and processing plants are ready to buy sunflowers at higher prices in the range of UAH 20,000.
Read MoreSunflower prices do not change. This is explained by the fact that demand from processing plants in Ukraine has decreased.
Some plants are switching to reconfiguration of processing to canola. This was reported by analysts Spike Brokers.
Read MorePrices on the domestic sunflower market reached a maximum last week since March of last year.
This is reported in the weekly digest “APK-Inform”. Indeed, an increasing number of processing companies were willing to purchase sunflower at 16,600-16,800-17,000 UAH/ton including delivery costs, largely due to active exports of sunflower oil.
Read MoreThe dollar is growing, the demand for sunflower oil is increasing, factories are working with increased activity, reminiscent of pre-war times. These actions, which have not gone unnoticed by any market observer, affect prices that are becoming more and more attractive to sell. There are many offers and quite attractive prices.
Overview prices
Read MoreWorld prices for sunflower oil according to information МІНФІН
Currently, the world prices for sunflower oil are:
| 04.04.2024 | 880,00 | USD for 1 ton |
The production of oil crops in Ukraine during the 2023/24 marketing year will increase by approximately 3.5 million tons compared to the previous season.
Read MoreDuring the period from August 28 to September 3, there was a further decrease in prices on the oil seed market, in particular for sunflower. Precipitation in the central and southern regions is expected to reduce the impact of the heat on crops, so there will potentially be favorable conditions for harvesting soybeans and sunflowers. As of September 3, the average price of traders was UAH 12,704.81/t, which is 4.39% less than last week.
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