Lower demand pressuring export prices of Ukrainian sunflower oil – APK-Inform

Source

APK-Inform

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According to APK-Inform, the export prices of crude sunflower oil on DAP basis were decreasing in May.

The downward trend was based on lower demand from importers amid stronger shipments of sunflower seed. Shipments of Ukrainian sunflower seed in May was almost 2 times higher compared to the full previous season. Importers raised their own sunflower seed crushing to cover partially the demand for sunflower oil. Previous growth of sunflower oil export that allowed EU’s buyers to accumulate stock pressured the prices too.

The bid  prices of crude sunflower oil decreased by 150-250 USD/t over the reporting period and as of morning of June 8 totaled 1550-1700 USD/t DAP for delivery to importing country, mainly Poland, Bulgaria, Romania and Lithuania.  

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