Market fluctuations: from falling to rising sunflower prices in Ukraine
Зміст
📉 Beginning of the week: decrease in sunflower prices
At the beginning of the week, sunflower prices in Ukraine continued to decline. The main reason for this was the accumulation of sufficient raw material stocks by processing enterprises for the near future.
📈 Market reversal and the beginning of price growth
Since the middle of the week, the situation on the market has changed dramatically – sunflower prices have begun to rise.
💰 Current sunflower prices
Currently, the cost of sunflower is fixed at $560–580 per ton on DAP Ukraine (factory) terms.
🛢️The main reason for the growth is the demand for oil
According to Spike Brokers, the key factor behind the price increase was the surge in demand for sunflower oil, which led to a corresponding rise in its prices. This automatically affected the cost of the raw material.
🚢Oil price dynamics in ports
In the ports of Odessa, prices for sunflower oil increased by at least $20 per week, indicating a trend towards further price increases for this product.
🌱 Sowing campaign: start in nine regions
As of April 3, farmers in nine regions of Ukraine have begun sowing sunflower seeds for the new crop. As of the reporting date, 33,000 hectares have been planted, of which 12,300 hectares are in the Odessa region, which is the highest figure among the regions.