In June sunflower oil shipments to foreign markets were the highest ever for this month. But there was another record set in this season – during 10 months of the current marketing year Ukraine exported 3872 KMT of sunflower oil. The same volume was supplied to foreign markets during the whole 2014/2015 season.
It should be noted that export prices have remained quite stable during the current season – at nearly $800/MT, which is very unusual for such a highly competitive market.
Beginning from July sunflower oil FOB prices began falling, and on July 8 supply prices reached $780/MT. Ukrainian sunflower oil market was pressured by expectations of record high sunflower seed production in 2016. At present the most pessimistic estimates of sunflower harvest in Ukraine equal 13 MMT. And optimists are already talking about possible 14 MMT. (Blackseagrain/Business World Magazine)