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Sunflower oil and meal prices in Ukraine and the Black Sea region fell over February, with meal down 24% at Ukrainian ports. Processing margins in some regions have dropped to minimal levels, raising the risk of plant shutdowns.
Demand from India, China and the EU remains sluggish while supply is ample.
Weak meal demand and ample supply keep sunflower meal prices under pressure, and thin crush margins may lead to lower output that could eventually firm prices.
ukragroconsult.comMar 1, 2024
ofimagazine.comQuartz Business MediaFeb 29, 2024Not enough comparable past events yet for a historical read.
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.
