Kiev. Ukraine. Ukraine Gate – December 28, 2020 – Economy
Ukrainian sunflower oil on FOB Black Sea ports is offered for 1195 USD / ton (+5 USD / t). Demand for oil from importers was at 1185 USD / ton (+15 USD / t) for deliveries in January / February / March 2021.
Purchase prices for Ukrainian sunflower continue to rise, but producers have not increased sales, planning them for next year.
Although a possible reduction in the VAT rate from 20% to 14% will dramatically reduce the price of sunflower and farmers’ incomes.
The strike of workers in Argentine port enterprises, the deficit of precipitation on soybean and sunflower crops against the background of rising oil prices by 2-3% support the prices of vegetable oils, as they have reached the highest levels in 10 years, according to analysts of the electronic grain exchange GrainTrade.
The port strike in Argentina has been going on for more than two weeks, and the dispute is unlikely to be resolved in the coming days, so export shipments are unlikely to resume over the Christmas weekend. Given this, in recent sessions, traders continued to buy contracts for soybeans, oil and meal.
