Soybean and sunflower gained in Ukraine on halted harvest — Agritel
Demand in Ukraine's oilseeds markets is allowing sunflower and soybean prices to rebound slightly, which can be partly explained by the return of rains in Ukraine, causing a halt in the harvest and a decrease in a proposal by producers, the Agritel consultancy reports.
After peaking in the middle of last week, cereal prices remain firm in the Black Sea region, in the context of still strong demand.
"Prices for wheat 12.5% FOB Russia and for wheat 11.5% FOB Ukraine are respectively at 233 and 231 USD/t, vs 238 and 234 USD/t of the last week’s high. Corn FOB Odesa traded at 196 USD/t vs 198 USD/t last week," the report reads.
As reported, barley prices even increased a little at 198 USD/t.
Previously reported that the Economy Ministry cut its estimate for corn and sunflower production in the current season as severe drought hit most of the key production regions.