# Active export support sunflower prices at a high level

> Sunflower seed prices in Ukraine and Russia have risen 70-80% year on year as poor yields cut harvests to about 13 million tonnes each, down from 15.5 million. Exporters have stepped up purchases despite high export duties, and Ukrainian and Russian shipments to Bulgaria, Romania and Turkey rose sharply. Russia plans to raise its sunflower seed export duty to 30% from 1 January.

- Date: 2020-12-07 · published 2020-12-07T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/49783-active-export-support-sunflower-prices-at-a-high-level
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Tight Black Sea supply and firm vegetable oil prices keep sunflower meal and oil expensive for feed and oil buyers. The planned Russian export duty increase could tighten supply further in early 2021.

## Read by commodity

- SBO: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-04-14 | [High demand supports the purchase price of sunflower in Ukraine](https://feedsoft.ai/events/47712-high-demand-supports-the-purchase-price-of-sunflower-in-ukraine.md) | +7.6% | +18.8% |
| SBO | 2023-10-11 | [Lower sunflower seed prices in the EU and Ukraine](https://feedsoft.ai/events/33750-lower-sunflower-seed-prices-in-the-eu-and-ukraine.md) | +5.1% | -0.7% |
| SBO | 2021-01-27 | [The sharp rise in prices of soybean oil will support prices for sunflower oil and sunflower](https://feedsoft.ai/events/49249-the-sharp-rise-in-prices-of-soybean-oil-will-support-prices-for-sunflower-oil.md) | +3.8% | +13.1% |
| SBO | 2019-12-31 | [HPJ: Sunflower Prices Remain Strong - Blog - Tyree Ag](https://feedsoft.ai/events/55688-hpj-sunflower-prices-remain-strong-blog-tyree-ag.md) | -2.0% | -10.4% |
| SBO | 2023-02-16 | [Ukraine continues to export sunseed and soybeans at high rates](https://feedsoft.ai/events/37434-ukraine-continues-to-export-sunseed-and-soybeans-at-high-rates.md) | +1.9% | -6.8% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/aktivnij-eksport-pidtrimue-tcini-na-sonyashnik-na-visokomu-rivni.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.