Agrarians in the southern regions of Ukraine have started harvesting sunflower, the market is gradually switching to trading the new sunflower crop, which has both demand and decent prices, which will reach 17-18 thousand UAH/ton in November-December, according to the analytical cooperative “Pusk”, created within the framework of the All-Ukrainian Agrarian Council (AAC).
“The new sunflower harvest is already being traded on FOB and CIF basis, in particular, Italy recently purchased a thousand tons of Ukrainian oilseed at $465/ton. Processors are already announcing prices at $370/ton excluding VAT,” the analysts said.
They expect that in August-September, the purchase prices for sunflower in Ukraine will remain in the range of 14 500-15 000 UAH/ton.
In the near future, Ukraine is expected to have high air temperatures and no precipitation, which will facilitate the harvesting campaign, so the supply of sunflower will grow, experts said.
“If there is no significant precipitation, then in mid-September we can expect the traditional price decrease by 1000-1500 UAH/ton – the price tags will drop to 12-13 thousand UAH/ton under the pressure of harvesting. But in November-December, the range will increase to 17-18 thousand UAH/ton. The seasonal model generally shows an upward trend in prices,” experts predict.
The level of purchase prices for Ukrainian sunflower will support the global growth of prices for vegetable oils on the world market, the UGA believes.
