Oilseeds export market remained unchanged last week

Last week the domestic market of sunseed and soybeans followed an upward trend again. It looks quite predictable in view of aggravating competition among buyers and the desire of growers to get as high profit as possible, reports UkrAgroConsult.

Oilseed prices grew on average UAH 100-300/MT.

Export prices for sunflower seed and soybeans (FOB with May delivery) remained unchanged. Sunflower seed prices equaled USD 395/MT (seller) and USD 384/MT (buyer).

Ukrainian sunflower oil held a more stable position in the export market compared to other competitive vegoils, whose prices sank by USD 5-7/MT. Prices for the Ukrainian product (FOB for May delivery) stayed at last week’s level owing to steady strong demand from the top importer, i.e. India.

The export market supported the domestic trade in sunflower oil.

Detailed information on price developments of the oilseeds and vegoils market in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the VI International Conference “Black Sea Oil Trade”, which will take place on September 20, 2018 in Hilton hotel, Kiev, Ukraine.

Annual International Conference “Black Sea Oil Trade” – is an effective platform for networking with oilseed industry operators and discussion of the latest drivers in oilseed and vegoil sector of Ukraine and Black Sea region.

Growing role of Black Sea countries and rising demand for high-quality information and analysis determine significance and importance of “Black Sea Oil Trade” Conference which is entirely devoted to oil and fat sector.

In 2017 International Conference «Black Sea Oil Trade» attracted 250 delegates from 25 countries and 150 companies. Conference participants are usually represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, investment companies, banks, law, shipping, brokerage, insurance and surveyor companies.

IC UAC