Russia. Oilseed market price behavior

16.11.2018

Last week sunseed market prices in Russia remained within their previously settled range. Commodity supply from growers gradually decreases as the harvest is drawing to a close. However, many crushers have stockpiled much more sunseed than last year. In addition, sinking prices for processed products make any sunseed price growth unlikely in the near term.

In general, no price movement is seen in the soybean market, except for further price downturn in the south, reports UkrAgroConsult.

Rapeseed supply in the European part of Russia is tight. Large lots of the commodity are offered at a higher price. Buyers more willingly deal with Siberia, where, on the contrary, supply is sufficient and prices including logistics turn out to be comparable and quite acceptable.

Sunflower oil continues falling in price in Russia's domestic market. Under such conditions, some crushers hold back their sales, while others step up refining.

Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.

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UkrAgroConsult

 

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