Export prices for Ukrainian sunflower oil regressing — traders

Rapid growth in export quotations for Ukrainian sunflower oil observed since November 2019 until the New Year holidays was followed by a decline, Refinitiv Agriculture writes.

Export quotations for crude sunflower oil from Ukraine declined following the weaker palm oil prices. According to the Ukrainian exporters, external demand for supplies in February-March is low.

"There is no active demand for oil for the next few months," note the Ukrainian traders.

According to analysts, in November-December 2019 export quotations for crude sunflower oil from Ukraine FOB Chernomorsk grew by almost 20% to the maximum level in the current season USD 815 per ton and since the beginning of 2020, quotations have already lost 2.5%.

Vegetable oil industry in Ukraine (click for full resolution)

Since early January 2020, prices for sunflower in Ukraine have been growing.

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