According to APK-Inform figures, in August 2019 Ukraine demonstrated rather high prices of sunflower oil made from new crop raw materials, despite the fact that oilseed processors do not expect for any significant reduction in the supply of the product in the season-2019/20. According to APK-Inform analysts, in the new season the production of sunflower oil in the country will almost reach the level of last year — nearly 6.4 mln tonnes.
As of August 21, the bid prices on the export market of sunflower oil usually varied at the level of 730 USD/t FOB (delivery in September) and 710-715 USD/t FOB (delivery in October).
As a reminder, on the same date last year the bid prices on the export market totaled 686-700 USD/t FOB.
At the same time, APK-Inform experts noted that the season-2018/19 was rather unfavourable in price terms for the sunflower oil market. Thus, in November 2018 the bid prices of the Ukrainian product broke more than 10-year minimum, and totaled 620-635 USD/t FOB. The price level remained stable for nearly 3 months.
You can receive more detailed information about the sunflower oil market within frames of the eighteenth international conference "Fat-and-Oil Industry - 2019", to be held Kyiv (Ukraine), on October 30.
For all questions, please contact APK-Inform Agency:
+38 (0562) 32-15-95 (ext. 115), [email protected],