Russia. Major crushers raised sunseed purchasing prices last week

14.12.2016

The Russian sunseed market featured price growth in almost all the regions in the reporting week. Buyers, particularly major crushers raised purchase prices in view of a limited number of offers and struggling for quality sunseed, reports UkrAgroConsult. Another bullish factor was surging global prices for vegoils. Average prices varied within a range of RUB 20,800-22,500/MT including VAT (СРТ-crusher).

The Russian sunoil market was characterized by sluggish contracting last week. Unstable world vegoil prices, their daily hikes, forced crushers to focus on the execution of previously signed contracts. Exporters’ demand does not weaken in view of this season’s record high sunoil exports.

According to UkrAgroConsult, a slight upturn was seen in soybean market prices in the western part of Russia. The eastern regions feature stable prices and increasingly numerous offers of the commodity.

 

UkrAgroConsult

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