The prices of sunflower seeds in Ukraine increased significantly last week, reaching the highest level since the end of May 2021, with the official purchase prices of processors reaching 22.5-24.5 thsd UAH/ton CPT, APK-Inform news agency reported.
“The companies reported that the supply of the oilseed slightly increased, but still remained insufficient. Therefore, those who needed urgent replenishment of stocks to fulfill the contractual obligations for oilseeds raised the prices more actively (up to +1000 UAH/ton) compared to the week before and were ready to pay extra for large volumes and oil content,” the analysts said.
Experts emphasized that the growth of prices for raw materials is facilitated by the increase in the cost of sunflower oil on foreign markets. At the same time, more and more crushers report that the profitability of processing is low or almost non-existent.
Last week, the demand prices for sunflower oil in the ports of Ukraine increased by 20-30 USD/ton and reached the highest level since January 2023 – 1020-1025 USD/ton CPT port.
APK-Inform reminded that the historical price maximum for sunflower oil in Ukraine was recorded in March 2021 – 25.5-27.4 thsd UAH/ton CPT.
