Ukraine sunoil export prices rise

• Ukrainian sunflower oil prices have been rising for about two months, supported by demand from importers.
• In early April, Ukrainian sunoil was traded at $670-685 per tonne FOB for Black Sea April-June delivery.

KIEV: Ukrainian sunflower oil export prices rose over the past week supported by an increase in trade activity in most importing countries, analyst APK-Inform said on Thursday.

Sunoil asking export prices rose to around $755 per tonne FOB Black Sea for June delivery as of May 27 from $725 the week before, the consultancy said in a report.

It said bid prices also increased to $760 per tonne from $735.

Ukrainian sunflower oil prices have been rising for about two months, supported by demand from importers.

In early April, Ukrainian sunoil was traded at $670-685 per tonne FOB for Black Sea April-June delivery.

Ukraine, the world's biggest exporter of sunflower oil, may reduce sunoil exports by 0.8pc in the 2020/21 season to 6.15 million tonnes, APK-Inform estimated.

Ukraine's producer association said the country exported 6.063 million tonnes of sunflower oil in the 2018/19 season and may export around 6.2 million tonnes this season.

The consultancy said last week Ukraine had doubled sea-borne exports of sunflower oil to 3.858 million tonnes so far in the 2019/20 season, which runs from September to August.