In Ukraine, there has been a significant increase in purchasing prices for sunflower over the past week. According to analysts, the price for this crop has reached 31,000 UAH per ton, driven by a supply shortage in the market and rising diesel fuel costs necessary for transporting the harvest.
This is reported by Finway
Price Dynamics for Sunflower and Oil
Over the week, the purchase price of sunflower has increased by 500–700 UAH per ton, currently ranging from 30,500 to 31,500 UAH/ton with delivery to the factory (with an oil content of 50%). In dollar terms, the price has risen by 10–15 dollars per ton, reaching 610–630 dollars per ton excluding VAT. At the same time, the dollar exchange rate on the interbank market has decreased by 20–30 kopecks, which has reduced support for UAH prices.
Additionally, demand for Ukrainian sunflower oil is also showing growth: prices have increased by 10 dollars per ton and currently stand at 1,290–1,300 dollars per ton with delivery to Black Sea ports. This further stimulates price dynamics in the sunflower market.
Reasons for Price Increase and Market Expectations
Experts note that the supply shortage in the domestic market is forcing processors to actively raise purchasing prices. High export prices for oil and significant demand from external markets only reinforce this trend.
At the same time, the substantial increase in diesel fuel costs has effectively slowed down transportation within the country, further complicating the supply of raw materials to factories.
“However, experts noted that predictions of a sharp increase in prices for vegetable oils due to the war with Iran have not materialized, and prices remain quite stable, while news of negotiations between the USA and Iran is pushing oil prices down, so a slight decrease in prices for vegetable oils can be expected.”
It is worth noting that global prices for vegetable oils have currently stabilized and demonstrate resilience to speculative fluctuations in oil prices.