Current season is promising for the market of high-oleic sunflower oil

Source

APK-Inform

1568

Season-2020/21 has brought low premiums to the market of high-oleic sunflower oil. However, it should be consider as a promising factor, declared the Managing Partner of Sunstone Brokers SA, Sergey Repetskiy.

He supposes that the low premiums will pushed those consumers who have never used high-oleic sunflower oil to try it and to see all its advantages. Thus, there is a potential to attract new buyers and get high demand in future.

“Therefore, the development we see now can be even good for the market of high-oleic sunflower oil”, - S.Repetskiy summarized.

According to APK-Inform, the bid prices of high-oleic sunflower oil increased from 810 UAS/t FOB Ukraine in late August to 1210 USD/t as of the end of 2020 (+50%). The prices exceeded the peak of July 2019. However, the premium reached 430 USD/t in July 2019, while the current premium is as low as 5-20 USD/t. at the same time, the current prices are up by average 20% compared to the same period of 2019, when the premium was about 200 USD/t. Growth of sunflower seed prices, limited number of offers and the need to fulfill contracts for oil delivery put processors in the hot seat.

Detailed information about Ukrainian market of high-oleic sunflower oil you can find in the article “Leap year against high-oleic market” to be published at our website in the section Exclusive/Topic on January 16.

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