In May, 620 tons of Ukrainian sunflower oil has been contracted for export, which is happening at a very fast pace. However, in July-August, the pace of exports may slow down.

This was discussed during the analytical briefing of the First Ukrainian Agricultural Cooperative (FUAC), created within the UAC.

“Sunflower oil prices are rising due to limited supply on the global market. The main producers of sunflower oil in the world are Russia and Ukraine. Russia exports the majority of its production to China, while other buyer countries turn to Ukraine, where the supply is limited. This leads to higher prices for sunflower oil. The purchase price for sunflower oil in Ukraine has exceeded UAH 18,000 per ton, and factories are willing to buy it even at high prices due to low stock levels. The resumption of port operations in March-February led to a significant reduction in sunflower stocks, which also affects the price increase,” the analytical department of the FUAC said.

Processing plants operate with minimal profit waiting of the new oilseed season.

“The current prices often bring minimal profit or even losses to the plants, but their main goal is to maintain operations until the rapeseed season starts, when a new crop will be processed. Sunflower prices are expected to rise further this week. The crushers will continue to buy sunflower at the current prices, which range from UAH 18,100-18,200. By the end of the week and the beginning of the next week, purchase prices are expected to reach 19,000 UAH per ton,” the FUAC predicted.