New crop sunflower cuts sunoil and meal prices

The high pace of sunflower harvesting in Ukraine and the sale of seeds by agriproducers led to a decline in export prices for sunflower oil and meal, Refinitiv Agriculture reports.

Demand prices for sunflower oil with delivery in October fell to 700-705 USD/t FOB Chernomorsk, 15-20 USD/t lower from the previous week. Demand prices for granulated sunflower meal fell to 200 USD/t FOB.

Ukrainian traders report the market is under pressure from the actively traded by producers new crop.

Previously reported that by September 13th sunflower crop in Ukraine reached 4.5 mln t using the average yield of 2.13 t/ha.