# The price of sunflower and soybean in Ukraine in the near future may be reduced

> Ukrainian sunflower and soybean prices may fall as India, the largest vegetable oil importer, imposed a 21-day national quarantine that is expected to cut its vegetable oil demand by about 25%. Brazil's soybean harvest is 76% complete with output above 125 million tonnes, and the real's devaluation pushed Brazilian soybean export prices to $340-345/t FOB.

- Date: 2020-03-31 · published 2020-03-31T12:00:00.000Z
- Category: disease · region India · magnitude medium
- Page: https://feedsoft.ai/events/54255-the-price-of-sunflower-and-soybean-in-ukraine-in-the-near-future-may-be-reduced
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Lower Indian vegetable oil demand, lower oil prices reducing biofuel demand, and rising Brazilian soybean supply all point to weaker vegetable oil and soymeal prices.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- USDBRL: bullish ▲
- PALMOIL: bearish ▼
- SUNMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-05-27 | [African Swine Fever shaking up world soybean market: USDA - Grain Central](https://feedsoft.ai/events/59150-african-swine-fever-shaking-up-world-soybean-market-usda-grain-central.md) | +1.2% | +5.0% |
| SBO | 2020-03-30 | [NCP affects vegetable oil consumption and livestock production, and new changes appear in vegetable oil and meal markets - China Oil and Oilseeds Report - CnAgri-China Agriculture Consultant](https://feedsoft.ai/events/54211-ncp-affects-vegetable-oil-consumption-and-livestock-production-and-new-changes.md) | -1.6% | -6.9% |
| SBO | 2021-11-26 | [Algos and options turn a tumble into a crash on oil's Black Friday - The Business Times](https://feedsoft.ai/events/7080-algos-and-options-turn-a-tumble-into-a-crash-on-oil-s-black-friday-the-business.md) | -4.6% | -4.5% |
| SBO | 2020-05-12 | [Palm oil players warn of tougher times as pandemic hits prices \| Malaysiakini](https://feedsoft.ai/events/53239-palm-oil-players-warn-of-tougher-times-as-pandemic-hits-prices-malaysiakini.md) | +4.3% | +7.8% |
| SBO | 2020-02-28 | [China's soy complex demand likely to fall in H1 2020 on coronavirus outbreak: Rabobank \| S&P Global](https://feedsoft.ai/events/10636-china-s-soy-complex-demand-likely-to-fall-in-h1-2020-on-coronavirus-outbreak.md) | +0.9% | -8.1% |
| SOY | 2018-09-11 | [African Swine Fever May Reduce China's Soybean Demand](https://feedsoft.ai/events/63016-african-swine-fever-may-reduce-china-s-soybean-demand.md) | -1.2% | +4.3% |
| SOY | 2018-11-01 | [Effects from African swine fever may  reduce China's soybean needs.](https://feedsoft.ai/events/62037-effects-from-african-swine-fever-may-reduce-china-s-soybean-needs.md) | +3.4% | +5.8% |
| SOY | 2021-04-22 | [ASF resurgence in China may slow imports of feedgrains \| The Western Producer](https://feedsoft.ai/events/47644-asf-resurgence-in-china-may-slow-imports-of-feedgrains-the-western-producer.md) | +4.0% | +2.7% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-sonyashnik-ta-soyu-v-ukraini-najblizhchim-chasom-mozhut-znizitis.html

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