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Ukrainian sunflower prices slowed their decline but remain under pressure from falling export prices for sunflower oil, forcing processors to cut purchase prices. Turkey plans to cancel its duty on sunflower seed imports within quota and reduce the out-of-quota duty from January to April 2025.
Ukraine is also canceling its sunflower export licensing regime in favor of a minimum price mechanism.
Expected Turkish duty cuts and looser Ukrainian export rules could lift export demand for seed, but falling sunflower oil prices currently cap crush margins and seed values.
graintrade.com.uaDec 4, 2024After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
