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Ukrainian sunflower processing in 2022/23 rose 13% to 11.5 million tonnes, above forecasts, but June processing fell 21% to 888,000 tonnes, the lowest monthly volume of the season. Processors raised purchase prices to UAH 15,500-16,000 per tonne as offers dried up.
Ukraine expects 2023 sunflower output up 6.5% to 11.8 million tonnes.
Reduced crush and tight seed offers support sunflower meal and oil prices in the near term, while the production rebound limits upside later.
graintrade.com.uaJul 12, 2023Not enough comparable past events yet for a historical read.
Not 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.
