Ukrainian sunflower oil prices strengthened last week

Domestic prices for oilseeds (except for rapeseed) moved up last week. The situation did not change significantly. Agricultural producers restrained sales, provoking buyers to raise prices, which was quite effective amid the growing demand from buyers. Sunseed prices grew on average UAH 100-200/MT.Export prices for sunflower seed and soybeans (FOB with delivery in May) remained unchanged. Sunflower seed prices equaled USD 395/MT (seller), USD 384/MT (buyer). World markets of competing vegetable oils showed price reduction during the second week in a row (palm oil – by 1.2%, soybean oil – by 0.8%), while the prices for Ukrainian sunflower oil (FOB with delivery in May) strengthened by USD 2/MT. Currently, oil stocks in ports are lower than last year, which creates some tension in the market. But these volumes are still enough to provide export shipments, which are almost 14% ahead of last year.In the domestic market of sunflower oil, the prices strengthened on average by UAH 200/MT under the influence of stronger demand and limited supply.