Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Supply Chain

Ukraine Sunoil Export Prices Jump On Robust Demand: APK-Inform

By Dayeeta Das
Share this article
Ukraine Sunoil Export Prices Jump On Robust Demand: APK-Inform

Ukrainian sunflower oil export prices rose by $20-23 per tonne over the last week thanks to a jump in demand from abroad, APK-Inform agriculture consultancy has said.

Ukraine is the world's biggest sunoil exporter and sunoil bid prices rose to $770-780 FOB Black Sea as of 22 June for delivery in July-August, versus $750-760 a week earlier, the consultancy said in a report. The asking prices rose to $785-795 from $765-772, it said.

APK-Inform has forecast Ukraine will produce 6.7 million tonnes of sunoil in the 2019/20 season and may increase output to nearly 6.9 million tonnes in 2020/21 due to a higher sunflower seed harvest.

The consultancy this month lifted its forecast for Ukraine's sunflower seed output in 2020 to 16.0 million-16.2 million tonnes, from a previous estimate of 15.5 million tonnes.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.