Sunflower prices in Ukraine have been declining since the middle of this month, as follows from the monitoring data.
According to experts, the cost of oilseeds, first of all, was affected by a decrease in export prices for sunflower oil, as well as a reduction in purchases of raw materials from local oil refineries.
“The active phase of spring field work has already begun in the country, and market operators expected that this will increase the supply of seeds since agricultural producers will need to replenish working capital. However, trade activity remained low, farmers often preferred to curb sales of oilseeds or, in some cases, sell them under export contracts,” experts emphasized.
So, since mid-March, demand prices for sunflower seeds have dipped by 2100-2700 UAH/t ( 52,48-67,48 Euro ) – up to 12,500-15,500 UAH / t ( 312,41-387,39 Euro ) by March 29th.
Source: Apkinform