The prices of sunflower oil in the ports of Odesa have risen sharply: reasons and forecasts

The prices for sunflower oil in the ports of Odesa jumped by 40 dollars per ton in the last week, which was a noticeable change compared to the previous indicators. This was reported by Spike Brokers analysts, pointing to the rise in prices as a result of several key factors.

The main reason for the price increase was the increase in demand for sunflower from processing plants, which are faced with a limited supply of this raw material from farmers. Producers are in no hurry to bring large volumes to the market, expecting a further increase in prices, which further aggravates the situation on the market of oil crops.

Analysts note that farmers are currently limiting the sale of sunflowers, hoping to get more favorable conditions for higher prices for products. At the same time, refiners are already willing to pay for raw materials with a base oil content of 46% from 520 to 525 dollars per ton without VAT, including delivery. This indicates the readiness of the processing market for significant investments to ensure stable production.

According to the latest data, sunflower prices with delivery to factories in Ukraine fluctuate between 500-530 dollars per ton. At the same time, indications for delivery to Bulgaria show even higher figures: in the center of the country, the price reaches $550-560, and in the ports - $540-550.

Despite the temporary difficulties with the supply, experts predict further activity in the sunflower oil market, which may lead to an even greater increase in prices. This may also affect the situation in other importing countries, such as Bulgaria, where there is already an increase in demand for Ukrainian products.

Thus, the current situation in the sunflower market is a reflection of global trends, where limited supply and growing demand dictate pricing conditions, and farmers benefit from strategic retention of the product for future sales.