The price of sunflower seed in Ukraine rose by $20 over the week—to $460 per metric ton, including VAT, on a CPT mill basis, according to a weekly market review by the brokerage firm Spike Brokers.
According to the brokers, Ukrainian oilseeds showed varying trends that week depending on the sales destination. The price of sunflower seeds on a CPT mill basis rose from $440 to $460 per metric ton, while rapeseed on an FCA Chop basis rose from $550 to $555 per metric ton; however, on a CPT mill basis, rapeseed prices fell from $485 to $480 per metric ton.
“The western export channel commands a higher premium, while port and domestic processing parities remain at a discount,” the review notes.
From August 1–27, sunflower oil exports fell by 42.5% compared to the same period in July—to 131.3 thousand metric tons from 228.4 thousand metric tons. Ukraine exported almost no sunflower seeds—0.6 thousand metric tons compared to 2.6 thousand metric tons a month ago. At the same time, overseas sales of sunflower meal increased by 28%—to 83.1 thousand metric tons from 64.9 thousand metric tons.
During this period, Ukraine exported 255,2 thousand metric tons of rapeseed, compared to 11,8 thousand metric tons during the corresponding period in July, marking a 21.6-fold increase. Rapeseed oil exports rose 4.6-fold—to 69,4 thousand metric tons from 15,2 thousand metric tons, respectively. The main buyers of rapeseed were Germany (109.2 thousand metric tons), the Netherlands (84.3 thousand metric tons), and the Czech Republic (25.1 thousand metric tons), which accounted for about 86% of August’s exports of this product.
Soybean exports from August 1–27 fell by 55.6% to 27.1 thousand metric tons. Soybean oil exports totaled 33.3 thousand metric tons, down 11% from the same period in July, while soybean meal exports totaled 70.7 thousand metric tons (-28.9%). Total exports of soybeans, soybean oil, and soybean meal amounted to 131.1 thousand metric tons, compared to 197.8 thousand metric tons during the same period in July, a decrease of 34%.
For GMO soybeans, the price on a CPT port basis fell from $420 to $410 per metric ton, and on a CPT mill basis from $425 to $400, while the FCA Chop price rose from $435 to $450 per metric ton. In the non-GMO soybean segment, the CPT port price fell from $440 to $430 per metric ton, while the FCA Chop price rose from $470 to $475.
According to Spike Brokers, the price differential between western and other destinations for oilseeds continues to widen. Specifically, the spread between FCA Chop and CPT mill for GMO soybeans widened from $10 to $50 per metric ton over the week, while the difference between FCA Chop and CPT port for non-GMO soybeans increased from $30 to $45 per metric ton.
