Ukraine: export prices for sunflower oil of the new harvest reduced

Source

APK-Inform

2721

According to APK-Inform Agency, last month the Ukrainian export market of crude sunflower oil of the new harvest was characterized with price reductions on FOB terms (delivery in October-November). According to market participants, the situation was caused by forecasts of high yield of sunflower seeds in the season-2011/12 in both Ukraine and Russia, and, consequently, increasing of the number of sunflower oil offers on the world market.

To date, the bids for purchasing of crude sunflower oil on the basis FOB-Black Sea with shipment in October-November, were declared within the range of 1180-1190 USD/t. At the same time, the offer prices are usually declared at the level of 1200-1220 USD/t FOB.

As a reminder, a week earlier, the purchasing prices under FOB-Black Sea varied within the range of 1235-1240 USD/t, while the offer prices were declared at the minimum level of 1260 USD/t FOB.

Due to reduction of prices the majority of importers prefer not to force signing of new international contracts because the bearish trend will remain in the near future, according to experts of companies.

Detailed information about the market of sunflower seeds and by-products will be presented during presentations of the leading market experts within frames of the tenth anniversary conference "Fat-and-Oil Industry - 2011" on November 23-25, 2011, in Kiev.

You can fill in the application form for participation in the conference "Fat-and-Oil Industry - 2011" here.

More detailed information concerning participation is provided by Marketing Department of APK-Inform Agency: +380 562 320795, +7 495 7894419, e-mail: [email protected], [email protected]

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