The bulk sunflower oil market in Ukraine is one of the key ones for the country’s economy and agricultural sector.
Farmers are in no hurry to sell large volumes of oil crops, waiting for even higher prices. Refineries are already willing to pay for sunflower with a base oil content of 46% – $520-$525 excluding VAT with delivery, depending on tonnage. This is at least $10 more than last week’s price. Sunflower oil in the ports of Odesa increased by about $40 during the week compared to last week’s prices.
Read MoreThe shortage of sunflower on the Ukrainian market continues to stimulate price growth. The decrease in the production of this oil crop compared to last year leads to a lack of raw materials for Ukrainian factories. According to analysts, sunflower prices have already exceeded UAH 23,000/t, and according to forecasts, it may reach UAH 24,000–24,500/t by the end of October. This is due to the high demand for sunflower oil with a shortage of raw materials.
Read MoreAnalysts report that sunflower prices are kept at the level of UAH 20.5-21 thousand per ton, including VAT and delivery to factories. The price depends on the region of supply and the level of oiliness. The market is gradually filled with offers of sunflower, which contributes to the stabilization of prices.
Read MoreWe congratulate everyone on the Independence Day of Ukraine!
Verkhivtsevsky Oil Extraction Plant is proud of its participation in the economic development of our country and support of its independence. On this important day, we wish all Ukrainians inexhaustible strength, inspiration and new victories on the way to the prosperity of our country!
Read MoreDear colleagues and partners!
On behalf of the staff of the Verkhivtsevsky Oil Extraction Plant, we heartily congratulate you on the Day of the State Flag of Ukraine!
Our blue and yellow flag is a symbol of freedom, unity and national revival. He reminds us of the strength and indomitability of the Ukrainian people, that we are able to overcome any difficulties by uniting for a common goal.
Read MoreAccording 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 MoreDear farmers, we heartily congratulate you on the holiday – Farmer’s Day!
Today, farming is not just a profession, it is a way of life for special people who cannot imagine themselves without land, wheat fields and the morning sun rising over their native land.
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