The sunflower in Ukraine has become more expensive by $20/t despite the drop in oil prices.

The Ukrainian sunflower market last week moved in contrast to the oil market dynamics. According to SPIKE BROKERS, the price of sunflower on CPT factory terms increased by $20/t — to $460/t, while WTI oil over the week became cheaper by approximately 5% — to $83.40 per barrel, writes Bizagro.

The Ukrainian sunflower market last week moved in contrast to the oil market dynamics. According to SPIKE BROKERS, the price of sunflower on CPT factory terms rose by $20/t to $460/t, while WTI oil over the week became cheaper by approximately 5% to $83.40 per barrel, writes Bizagro. Analysts link the increase in sunflower purchase prices primarily to the internal competition among processors for raw materials and the economics of processing, rather than the dynamics of the energy market. At the same time, the oil segment was supported by the growth of soybean oil on the CBOT—the September contract rose to 70.59 cents per pound. Meanwhile, the export of sunflower oil from Ukraine in August significantly decreased. From August 1–27, 131.3 thousand tons of oil were shipped to foreign markets, which is 42.5% less compared to 228.4 thousand tons in the same period of July. Direct export of sunflower seeds remains minimal. Over 27 days of August, Ukraine shipped only 0.6 thousand tons ...