ODESA: Stocks of sunflower seeds in Ukraine as of 1st December increased by almost 1.727 million tons compared to last year – up to 8.221 million tons. Farmers’ stocks rose by 1.518 million tons. At the same time, processing enterprises increased their storage by 207.8 thousand tons.
These figures confirm experts conclusion, that agrarians restrain sunflower seed sales to oil producers and the later cannot work at full capacity. As a result, the expected reduction in sunflower oil production in Ukraine in September-December 2021/22 MY will be about 3-5% compared to the same period of the previous season.
Nevertheless, both domestic and foreign analysts expect a significant increase in sunflower oil production from the beginning of 2022. In MY 2021/22, Ukrainian sunflower oil production can reach a record of 7.2 million tons. This is 24.1% higher than the result of the last season.
This week sunflower seeds purchasing prices in main ports continued reduction and reached the level of 18500-18900 UAH/t (600 EUR/t-.613 EUR/t).