The sunflower market received additional liquidity after the entry into force of the “soybean-rape amendments”. The inability to sell rapeseed and soybeans at a fair market price forced producers to partially put sunflowers on sale.This is reported by analysts at Spike Brokers.The low coverage of factories with raw materials this year allowed to absorb the entire amount of sunflower offered to the market in recent weeks at the level of about 1 million tons.After a slight decrease, prices recovered and by the end of the week closed in the red relative to the previous Friday. The spot price index of sunflower with delivery within 30 days rose by $ 16 including VAT - to $ 686. This is the price for the basic quality of 8/3/48, given taking into account the cost of transportation from the factory to the SRT Odesa base.
Currently, the needs of factories are covered until the end of October. If duty-free exports of rapeseed and soybeans are restored, this could lead to a rapid change in the balance and plans for producers in sales.
Source: https://agrotimes.ua/agromarket/cziny-na-sonyashnyk-vidnovylys-pislya-znyzhennya/
