Russia. Sunflower oil prices are pressured by world market and bumper sunseed crop

08.11.2018

The completion of the harvest has affected the Russian sunseed market. Raw material supply is on the rise along with some downward price adjustment, report UkrAgroConsult’s analysts.

In general, the current market situation is quite acceptable to crushers, even though sunseed product prices are low. Major sunseed holders refuse to sell their commodity right now because they expect a price increase.

Sunflower oil is still pressured by international markets under the conditions of an expected bumper sunseed crop and growing supply of the finished product.

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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