Ukraine: in December, the export prices for sunflower oil decreaded

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The FINANCIAL — Since the beginning of December, the export prices for sunflower oil in Ukraine decreased by 2.5%. So, as of December 23 the prices of crude sunflower oil totaled 770-790 USD/t FOB, with delivery in December 2015 – January 2016, declared the press-service of the State Enterprise Derzhzovnishinform on December 25.

According to the announcement, trading activity rates on the world market of sunflower oil remained quite low, shortly before the New Year (Christmas) holidays. Also, falling of petroleum prices became one of the main factors influencing the market of sunflower oil.

The expert of SE Derzhzovnishinform, Myroslava Shymkova noted that most specialists agree that trading activity rates in the market segment will resume in the second half of January 2016. And the peak of sunflower oil exports will come in the middle of spring, taking into account the trading dynamics in the previous seasons of 2011/12 and 2013/14 MY. Also, the market will be somewhat influenced by the exports of vegetable oils from other countries, especially Argentina.

 

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