Sunflower Prices in Ukraine Are Going Up and Down While Export Increased

Sunflower oil export is increasing

The revival of ship calls at the Black Sea ports and the pace of sunflower exports are forcing processors to intensify purchases and raise prices, given the lack of offers from farmers.

According to the Ministry of Agrarian Policy, Ukraine increased the export of sunflower oil by 9% to 175.5 thousand tons in a week but reduced the export of seeds by 6.5% to 94.8 thousand tons and sunflower meal – by 67.5% due to the lack of supplies from manufacturers. In total, 1.36 million tons of sunflower oil and 770.7 thousand tons of seeds were exported in 2022/23 MY. Most mills are unable to process sunflower seeds due to power outages and are gradually processing stocks as export shipments progress.

The smallest sunflower crop in recent years

This year, Ukraine will harvest the smallest sunflower crop in recent years, but so far this has not affected purchase prices, since the main processing facilities are located near the Black Sea ports, and their work was stopped due to constant rocket attacks and uncertainty about subsequent exports.

As of November 23, 9.8 million tons (16.3 million tons last year) of sunflower were harvested from 4.5 million hectares or 96% of the area in Ukraine. Harvesting will be delayed due to bad weather, and seed quality will be significantly worse than last year, and part of the crop will have an acid number above 4%, which will reduce the amount of raw material suitable for processing into cooking oil.

Purchasing prices for sunflower seeds

Purchasing prices for sunflower seeds in Ukraine increased by UAH 500-1000/t over the week to UAH 15-16 thousand/t or $410-435/t with delivery to the plant following the increase in export prices, but may soon fall again amid a decrease in export prices for sunflower oil and seeds.

Sunflower export prices for DAP delivery – Romania, Hungary and Bulgaria rose from $550-570 to $580-600/t last week, but fell back to $550-560/t DAP on Monday under pressure from falling oil prices and palm oil by 9-11%.

Import/Export Statistics

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