Now the prices for sunflower oil of the old crop are up to $1300 / t FOB, and the new one — up to $ 1200 / t FOB. It is noted that the purchase prices for sunflower in Ukraine, after falling to $650 / t, somewhat recovered to $700 / t with delivery to the plant.
The world production of sunflower meal will grow by 10% or 1.96 million tons compared to the current season, and sunflower oil — by 10% or 1.96 million tons.
According to forecasts, Ukraine will increase the production of sunflower by 18% to 16.7 million tons, sunflower oil — by 18% to 6.99 million tons, sunflower meal — by 19% to 6.71 million tons.
In Ukraine, favorable conditions for the development of crops. As of June 10, 6.43 million hectares or 100% of the planned areas were sown with sunflower in Ukraine.
Sunflower Oil Prices are to Fall Noticeably
Monday, June 14, 2021
At the beginning of the new season, prices may drop to $1000-1100 / t
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