Business news from Ukraine

World market is showing growing interest in Ukrainian sunflower oil, prices rising

18 March , 2024  

Demand and prices for Ukrainian sunflower oil are growing on the global market, with prices rising by $30-38 per tonne over the past week, APK-Inform news agency reported based on its own monitoring.

“The Ukrainian export market of sunflower oil was dominated by the price growth amid similar trends in the global vegetable oil market. Thus, the demand prices for Ukrainian sunflower oil in the ports reached the maximum since the beginning of the season-2023/2024 and as of March 18, they are mainly fixed in the range of $780-795/ton CPT port. This is $30-38/ton higher than the prices of the previous week,” the analysts said.

In addition, last week the exports of sunflower oil increased to 156 thsd tonnes. This is 9% higher than the previous week, according to APK-Inform.