Several large Ukrainian sunflower oil processors have stopped operations or seed purchases, citing wartime attacks, power outages and export problems. Three major buyers pausing purchases at once may force growers, who hold back seed due to a smaller harvest, to accept lower prices.
A dispute continues over the export duty on sunflower seed, which processors want to keep.
A pause in seed buying weakens near-term demand for sunflower seed and pushes domestic seed prices down, while reduced crushing cuts supply of sunflower meal and oil. The net effect on processed product prices depends on how long the halt lasts.
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