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Ukraine raised sunflower oil exports 18.5% in the first half of the 2023/24 marketing year, with strong shipments to India and Turkey. Purchase prices for sunseed fell 400-600 UAH/t in the week, following a drop in sunflower meal prices.
Low oil prices relative to soybean and palm oil are driving export volumes.
Heavy sunseed supply and falling meal values point to weaker sunflower meal pricing, while rising oil exports reflect competitive pricing against vegetable oil alternatives.
ukragroconsult.comMar 5, 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.
