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Ukraine sunoil export prices jump over last week

  • Bid-ask sunoil export prices rose to $955-$990 per tonne FOB (free on board) Black Sea for October-November delivery, the consultancy said.
Published October 12, 2020 Updated October 12, 2020 04:27pm
By

KYIV: Ukrainian sunflower oil export prices leapt $80-$90 per tonne over the last week due to stable demand from importers and a lack of offers from producers, consultancy APK-Inform said on Monday.

Bid-ask sunoil export prices rose to $955-$990 per tonne FOB (free on board) Black Sea for October-November delivery, the consultancy said.

The economy ministry of Ukraine, the world's largest sunoil exporter, said last month the country's 2020 sunseed production could fall by 8.5pc to 14 million tonnes from 15.3 million tonnes in 2019.

Some analysts see the harvest at around 12.5 million tonnes.

Ukraine had harvested 8.3 million tonnes of sunseed from 69pc of the sown area as of Oct. 6, economy ministry data showed.

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