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Falling sunflower and meal prices are squeezing profitability for Ukrainian sunflower production, according to Agricensus. Sunflower oil prices dropped 7% and meal prices 24% over the past month on weak demand.
Producers may cut output, though the market may be nearing its low.
Lower returns could reduce Ukrainian sunflower crushing and meal output over time, but current weak demand keeps meal prices under pressure.
tridge.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.
