Chinese Sunflower Kernel: The Effect of the Russian Invasion on Sunflower

Dalian: Exporters reported that affected by the war in Ukraine and Russia, the demand for sunflower seeds has increased recently, and it is predicted that the price of sunflower seeds will rise slightly. At the same time, as the euro’s exchange rate fell, the cost of European importers increased, resulting in a decline in the purchasing power of the European market. The good news is that ocean freight rates in the European market are dropping. In terms of exports, prices have begun to rise, with confectionary-grade sunflower kernels as the mainstay, while bakery-grade sunflower kernels are not very competitive. Orders in the Middle East, Southeast Asia, and Europe increased, while orders in the U.S. market decreased yearly. This week, the price of confectionary-grade sunflower kernels FOB Dalian or Tianjin is 1.630-1.660 US dollars/ton, and the price of bakery-grade sunflower kernels FOB Tianjin or Dalian is 1.600-1.640 US dollars/ton. The domestic market dominates the market. Please continue to pay attention to the price changes in the Chinese market.

Current Market Price in Fob Tianjin, China for Sunflower Kernel