Articles By Anna Platonova
Russia’s sunflower oil export duty has risen above zero for the first time in 18 months, while the sunflower meal export duty has reached its highest since April 2024, according to an update from the country’s Agriculture Ministry on Friday October 25.
Ukrainian exports of oilseeds and processed sunflower products fell in the week from October 16 to 23, official data from the ?ustoms Statistics Service showed on Thursday October 24.
Ukrainian sunseed crushers are planning to increase the processing of other oilseeds, given the shortage of sunflower and its higher prices, which threatens to leave the country’s oilseed processing capacity underutilized, market participants said at the conference Black Sea Oil Trade 2024 in Bucharest on Tuesday October 15.
The General Authority for Supply Commodities (GASC) announced the vegetable oil tender on Sunday October 13, after prioritising sunflower oil in the previous three tenders, ignoring soybean oil because of its high cost, and last buying it in an international tender in June, sources told Fastmarkets.
Ukrainian exports of soybeans, rapeseed and sunflower oil decreased in the week from October 3 to October 9, while exports of sunflower meal jumped significantly, official data from the Ukrainian Customs Service showed on Thursday October 10.
Sunflower processing in Ukraine in September this year, the first month of the 2024/25 season, was estimated to be almost at the level of September 2023, trade sources told Fastmarkets on Friday October 4.
Weekly rapeseed exports from Ukraine jumped by 95.5% from September 26 to October 2, with sunflower meal and soybeans also showing growth, while weekly sunflower oil exports fell, official data from the Ukrainian Customs Service showed on Thursday October 3.
Sunflower crusher prices in Ukraine have jumped 9% since the start of the 2024/25 season, as the harvest campaign progresses and sunflower crop estimates are constantly revised downward, which is intensifying competition, while rising sunflower oil prices are providing additional support to raw material prices.
Weekly progress in Ukraine's corn harvest in the week ending September 26 was 10 percentage points out of the 4 million hectares planned for harvest in the 2024/25 season, according to official data published by the Ministry of Agrarian Policy & Food on Friday, September 27.
Russia’s sunflower meal export duty has risen to another record high for the period since April this year, but sunflower oil export duty will remain at nil in October of the 2024/25 season, which started on September 1, according to an update from the country’s Agriculture Ministry on Wednesday September 25.
The winter grain sowing campaign in Ukraine advanced 11 percentage points to 18% in the week to Monday, September 23, with 944,500 hectares of the 5.18 million hectares planned for 2025/26 planted, according to the country's Ministry of Agrarian Policy.
EU oilseed crushing volumes continued to grow in August, reaching o 3.48 million tonnes, up by 224,000 tonnes, or 7%, compared with July's 3.25 million tonnes, according to data from EU vegetable oil and protein meal association Fediol on Friday September 20.
Ukrainian sunflower oil exports in the 2023/24 season exceeded the pre-war level and reached the second-highest record since the foundation of the oilseed processing industry in Ukraine, while the sunflower harvest was underestimated, according to the final report for the 2023/24 season by the Ukrainian industry association Ukroilprom during an online meeting on Thursday September 19.
Ukrainian exports of sunflower oil, sunflower meal and soybeans remained slow in the September 12-18 period, while rapeseed exports remained relatively strong, data from the State Customs Service showed on Thursday September 19.
India’s government issued a flurry of changes to import duties, export prices, and stock levels in a late-night session that saw a raft of trade updates targeting vegetable oil imports, wheat stocks and both peas and rice, trade sources told Fastmarkets on Friday September 13.
Russia has raised its wheat export duty for September 18-24, after cutting it last week, and reduced its corn export duty, the country's agriculture ministry said in an official update on Friday September 13.
Bulgaria has been forced to look for new suppliers of rapeseed and sunflower because its own crops are lower-yielding and more expensive, and sales by Bulgarian farmers are slow, while imports of Ukrainian oilseeds are hampered by licensing, market sources in the country said.
Egyptian state buyer General Authority of Supply Commodities (GASC) booked 69,700 tonnes of sunflower oil in an international tender, ignoring soybean oil that had been part of the same tender, trading sources told Fastmarkets on Tuesday September 10.
Ukraine's weekly exports of oilseeds and sunflower meal fell in the week to Wednesday September 4, while sunflower oil export applications increased - despite limited domestic offers - and September sunflower oil exports fell to a minimum level, official data from the Ministry of Economy showed on Thursday.
Sunflower crushing in Ukraine fell by around 43% month on month in August to the lowest level since the start of the 2023/24 season and the last three seasons as a whole, while rapeseed crushing increased but remains below expectations due to low crushing margins, sources told Fastmarkets.