Ukraine faced decreasing of purchasing prices for sunflower seed

Ukraine faced decreasing of purchasing prices for sunflower seed

Ukraine faced decreasing of purchasing prices for sunflower seed

The FINANCIAL -- On April 28-29, Ukraine faced decreasing of purchasing prices for sunflower seed, declared the press-service of the State Enterprise Derzhzovnishinform on April 30, according to APK-Inform.

On April 28-29, sunflower seed prices started to go down, as the UAH/USD exchange rates somewhat strengthened. The export prices for Ukrainian sunflower seed totaled 405-415 USD/t FOB, for ship deliveries in May-June, said Evgeniy Tomashevsky, agrarian expert of Derzhzovnishinform.

He added that on April 22-27, the purchasing prices for sunflower seed increased by 4%, compared with the previous week. The prices varied within the range of 9400-9800 UAH/t EXW for farmers, as opposed to 9000-9400 UAH/t in the previous week. The CPT-plant prices totaled 9600-10`000 UAH/t, said E.Tomashevsky.

In addition, he said that rather fierce competition on the market among oilseed refiners provided additional support to the prices.

As a result, the bid prices on the market continued constantly increasing. Some companies on the market even stopped purchasing of the oilseed raw materials, since they failed to break the 10`000 UAH/t barrier. Most oilseed processors stopped their work due to raw sunflower seed deficit on the market, informed the expert.