# Sunflower prices to remain under pressure in the prices of vegetable oil

> Ukrainian sunflower seed purchase prices fell by 800-1000 UAH per tonne to 9400-9800 UAH after the drop in vegetable oil prices, while Ukrainian sunflower oil bids fell to $650-660/MT FOB. Covid-19 panic had driven sharp declines in equities and Brent crude, which fell 4.3% to $34.3 per barrel.

- Date: 2020-03-12 · published 2020-03-12T12:00:00.000Z
- Category: market · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/54252-sunflower-prices-to-remain-under-pressure-in-the-prices-of-vegetable-oil
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower crude and vegetable oil prices reduce sunflower oil export values and push down seed bids, weakening sunflower meal and oil supply prices in the Black Sea.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼
- SUNMEAL: bearish ▼

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-sonyashnik-zalishayutsya-pid-tiskom-tcin-na-roslinni-olii.html

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