Demand prices for sunflower seeds in Ukraine have been declining since the beginning of April this year, according to data from analysts at APK-Inform. According to experts, this price trend is formed by large oilseed stocks at agricultural producers.
“This trend has also been favoured by the accumulation of significant quantities of oil as a result of considerable difficulties in export due to the closure of seaports and cheaper products at land borders, the export of which is accompanied by logistical problems,” analysts say.
Thus, according to experts, the cost of the product until April 13 is fixed in the range of 14,000 to 18,500 UAH/mt (430 to 575 Euro/mt) EXW – about 16 to 20% lower than the level at the beginning of the month.
“Note that purchases were made at peak and close to these prices by individual companies. Market participants do not rule out a further decline in oilseed prices,” APK-Inform said.