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Oilseeds and Vegetable Oils
Sunflower Seed & Sunflower Oil; Soyabean & Soyabean Oil
11 Sunflower Seed EU- EUR/MT
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
250
310
370
430
490
550
610
670
730
790
LU76 - Sunflower seed oleic mp FR
EU sunflower seed prices climbed in August, due to expectations of lower domestic production for the upcoming
2022/23 MY (Oct '22 - Sept '23). According to the USDA's August estimates, EU sunflower seed output is down by
6% y-o-y to 9.7 million tonnes for the 2022/23 season. The August average price of European sunflower seed was
recorded at EUR 533/MT, up 6.0% m-o-m and up 27.2% y-o-y.
The US CBOT soyabean futures price rose in August as adverse weather conditions during the month led crop
estimates for the upcoming 2022/23 MY (Oct '22-Sept '23) to be revised lower by 3% m-o-m by the USDA. The
CBOT soyabean futures average price was USD 577/MT in August, up 1.3% m-o-m and 14.6% y-o-y.
Soyabean US - USD/MT
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
300
370
440
510
580
650
SBNC - Soyabean no 2 CBOT Chic US (DH-0)
Sunflower Oil EU - EUR/MT
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
600
850
1,100
1,350
1,600
1,850
2,100
2,350
SFOR - Sunflower oil fob NW Eur (MBP) (DH-0)
In August, US CBOT soyabean oil futures prices continued as domestic demand surged, particularly for biodiesel
feedstock. The August average price of CBOT soyabean oil futures was USD 1,519/MT, up 11.1% m-o-m and
10.6% y-o-y.
Soyabean Oil US - USD/MT
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
570
770
970
1,170
1,370
1,570
1,770
1,970
SBOC - Soyabean oil crude CME Chic US (DH-0)
The MBP for EU sunflower oil declined for the fifth consecutive month in August, due to subdued demand, and
comparatively lower prices of palm oil as an alternative oil. The average MBP of EU sunflower oil stood at EUR
1,476/MT in August, down 3.3% m-o-m but up 26.6% y-o-y.