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India has become a major importer of Ukrainian sunflower meal, with Ukraine supplying 146 thousand tonnes in 2015/16, a 24-fold increase in five seasons. Ukraine held over 80% of India's sunseed meal imports that season, and India is also a key buyer of Ukrainian sunseed oil.
Concentrated Indian demand for Ukrainian sunmeal makes that origin's supply and freight pivotal to sunmeal pricing in Asia, though the change is structural rather than a new price shock.
smiraponitke.comadminDec 7, 2016Not 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.
