The first volumes of sunflower have been harvested in the southern regions of Ukraine, in this regard, the market is gradually shifting to trading in the new crop of sunflower seeds, for which there is both demand and decent prices. This was stated by experts of the analytical center of the cooperative “PUSK” on August 22.
“The new sunflower crop is already being traded on FOB and CIF bases, in particular, Italy recently bought a batch of Ukrainian oilseed in a thousand tons at a price of $465 per ton. Processors are already voicing prices at the level of $370 per ton without VAT, we can expect that the purchase prices in August-September will be kept in the range of UAH 14500-15000 per ton (390-405 USD),” – analysts said.
It is also reported that high air temperatures and lack of precipitation are forecast in Ukraine in the near future, which will favor the harvesting campaign so that the sunflower supply will increase.
“Accordingly, if there will be no significant precipitation, in mid-September we can expect a traditional price drop of 1,000-1,500 UAH/t (27-40 USD) – price tags will drop to 12,000-13,000 UAH/t (323-350 USD) under the pressure of harvesting. But in November-December, the range will grow to 17-18 thousand UAH/t (458-485 USD). The seasonal pattern in general shows a trend towards higher prices,” experts predict.
They also added that this level of purchase prices for Ukrainian sunflowers will support the growth of prices for vegetable oils on the world market.
Source: Apkinform