Source: Oleoscope (Russia)
Another increase in the cost of sunflower oil on the export market contributed to higher prices for sunflower in the country. On average, the demand prices of processing companies in Ukraine rose by $12/t during the week, but some companies raised purchase prices up to $24/t.
According to the electronic grain exchange of Ukraine, the price range was $613-646/t on terms of CPT-enterprise, depending on the region.
Ukrainian agro-analysts note that most of the companies report low stocks and continued difficulties in forming a raw material base. Part of the plants continue to be idle.
Earlier it became known about the transition of some oil extraction plants in Ukraine to the processing of soybeans as a cheaper alternative against the backdrop of the current shortage of raw materials, and the largest oilseed processor “Kernel” stopped the work of one of its oil plants due to the shortage of seed.