Sunflower prices will fall in Ukraine

Increasing the export of Ukrainian sunflower oil through the grain corridor has increased the volume of offers on the market. This is stated in the message of GrainTrade , writes agronews.ua.

As noted, demand prices for DAP - Poland, Romania, Bulgaria fell to $1100-1150/t.

In addition, low palm oil prices are increasing pressure on soybean and sunflower oil markets. So, the March futures for soybean oil in Chicago last week fell by 2.9% to $1,365/t, and for sunflower with delivery to buyers by 5% to $1,170/t CIF (according to the Trading Economics platform) against the background of increasing offers from Ukraine and the Russian Federation.

"The world market expects a drop in meal prices following a drop in feed grain prices, which will lead to a drop in sunflower prices in Ukraine," experts note.

 
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