- Ukrainian sunflower oil export prices declined by USD 15/MT over the past two weeks.
- Weakness in global vegetable oil markets, including palm and sunflower oil, is pressuring prices.
- Falling global crude oil prices are reinforcing the bearish trend in vegetable oil valuations.
- Black Sea exporters face margin pressure and potential further downside if demand does not improve.
Market Update
Ukrainian sunflower oil export prices have fallen by USD 15 per ton over the past two weeks, according to APK-Inform market monitoring. This adjustment aligns with broader weakness in global vegetable oil markets, where both palm oil and sunflower oil have come under persistent downward pressure. The correction is being amplified by lower crude oil prices on international markets, which are weighing on biofuel-linked demand and overall vegetable oil valuations.
Price Movement Overview
| Commodity | Region | Period | Price Move |
|---|---|---|---|
| Sunflower Oil (Export) | Ukraine, Black Sea | Last 2 weeks | – USD 15/MT |
Analysis
Bearish. The USD 15/MT drop in Ukrainian sunflower oil export prices underscores mounting pressure on Black Sea exporters as global vegetable oil markets soften. Concurrent declines in palm oil and crude oil prices are reinforcing the negative tone, squeezing margins for Ukrainian suppliers and raising the risk of further downside if demand does not stabilize. Traders should watch for any pickup in buying from key importers that could signal a floor, but for now the alignment of weaker vegetable oil and energy markets suggests the bearish trend may persist in the near term.
Source: Market Data
Leave a Reply