Since the beginning of July, the sunflower seeds market in most federal districts of Russia has shown a downward price trend.
Prices decreased the average cost of a ton of sunflower seeds in July in Central Russia from EUR 530 ton (average price for June) to EUR 460 ton, including VAT.
In the Volga and South Federal Districts of Russia, crop prices continue to decrease – to EUR 480 ton and EUR 450 per ton with VAT (average price for July) against EUR 530 and 32.6 thousand EUR 515 ton with VAT average for June this year.
In the North Caucasus Federal District, the average cost of oilseeds in July was EUR 480 tons, including VAT.
Analysts from the Institute of Agricultural Market Studies (ICAR) clarify that in July, there was also a decline in demand for sunflower sunflowers from several oil crops in Russia.
“Only some large oil refineries still need to buy 10-15,000 tons of sunflower by the end of the current season.
The decline in world oil prices exerted pressure on sunflower oil prices in July, information about an increase in export duty on the product by about half in August, and weak raw material demand from processors.