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Ukraine's sunflower exports were running high in 2022/23 at about 2.2 million tonnes, which UkrAgroConsult says, combined with a small 2022 harvest, is causing domestic seed shortages and crusher slowdowns. A new law effective February 24, 2023 sets minimum export prices based on exchange quotations and changes export duty calculations.
Ukraine could lose its top position in sunflower oil exports.
Export price floors and a tighter domestic seed supply reduce Ukrainian crush and oil output, supporting sunflower oil and meal prices. Loss of Ukraine's export lead would shift supply to other origins.
ukragroconsult.comSvitlana KupreevaMar 9, 2023After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
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.
