Sunflower price rises by $11 since early February – processors restrain purchases

According to the SPIKE Spot Index, the price of sunflower on CPT parity Odesa terms has increased to $705 per ton with VAT.  A week earlier, the figure was $694, so the market has added $11 since early February.
At the same time, processors remain cautious in purchases.  Sales from farmers are restrained, which supports the market, but without forming a sharp growth momentum.
The global vegetable oil market remained volatile last week, but without sharp impulses. Palm oil on the Bursa Malaysia exchange fell from 4,168 to 4,023 ringgit per ton, which formed a restrained background for the entire oil complex. At the same time, soybean oil on the Chicago Stock Exchange increased from 55.52 to 57.37 cents per pound, partially compensating for the weakness of palm oil.
Sunflower oil is holding its ground on the European market. On FOB Northern Europe terms, March contracts are trading at $1,470 per ton, unchanged week-on-week, while April contracts are trading at $1,460, up slightly by 5%.
Source: https://agronews.ua/news/sonyashnyk-podorozhchav-na-11-dolariv-z-pochatku-lyutogo-pererobnyky-strymuyut-zakupivli/