Black Sea sunflower experienced week's highest price rise
Among all agricultural commodities, it was a sunflower that had the week's biggest price increase with the rise of +30 USD/t, the Agritel consultancy reports.
"This increase could be explained by strong demand for oil both in China and more recently in India. In its wake, the soybean gained more than 10 USD/t over the week," analysts comment.
On the cereal side, wheat prices increased over the week by 8-9 USD/t on a CPT-Odesa basis depending on the quality, Agritel specialists add. Milling wheat is thus at a new high for the campaign above the 200 USD/t in port delivery.
"Barley also strengthened to a lesser extent and returned to the highs observed a month earlier. The corn price for October delivery was unchanged at 173 USD/t, Odesa delivery," the report reads.
Previously reported that the prices for Ukrainian corn of 2020 harvest rose to the highest level for the beginning of September over the past 4 seasons amid active export demand and growing futures quotations.