Category Archives: market overview

Demand for sunflowers of the new crop of 2024

The 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.

Processing plants are ready to buy sunflowers of the old crop at higher prices

If 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.

Sunflower prices and sunflower oil exports have hit record highs

Sunflower prices

Prices 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.

Overview prices for sunflower, oil and meal

The 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

World prices for sunflower oil on 04/05/2024

World prices for sunflower oil according to information МІНФІН

Currently, the world prices for sunflower oil are:

Production of oil crops in Ukraine during the 2023/24 marketing year

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.

Weekly sunflower trend

Weekly trend for the period from August 28 to September 3

During 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.