Russia. Sunseed prices were supported by adverse weather conditions and expected drop in production

02.11.2017

Prices in the Russian sunseed market are on the rise following their previous downturn. The bullish pricing factors included adverse weather conditions for sunseed harvesting and an expected drop in Russia’s production of this crop. Growers reduced sunseed offers in anticipation of a price increase, reports UkrAgroConsult.

Thus, average purchase prices for sunseed in Russia grew to RUB 17,500-18,600/MT СРТ. Nevertheless, they are still at a several-year low. On the one hand, the harvest and supply factors may keep supporting the market for some time. On the other hand, the sunseed price upturn in Russia is limited by downward price trends in the market of sunseed products.

More information on price behavior on oilseeds/vegoils market in the countries of Black Sea region is available to subscribers for weekly market report "Black Sea Vegoils + CIS" and "Online market review" by UkrAgroConsult.

 

UkrAgroConsult

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