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Oilseeds and Vegetable Oils
Sunflower Seed & Sunflower Oil
10 Sunflower Seed Ukraine - UAH/MT
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
8,000
12,500
17,000
21,500
26,000
0V30 - Sunflower seed exw UA (MBP)
The price of Ukrainian sunflower seed climbed in August, due to an increase in export demand in line with the
Grain Corridor Deal, signed by Russia and Ukraine. This allows shipments of grains and oilseeds to leave Black
Sea ports. The MBP for Ukrainian sunflower seed stood at UAH 13,345/MT in August, up by 28.6% m-o-m but
down by 17.9% y-o-y.
Sunflower Seed Russia - RUB/MT
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
15,000
22,800
30,600
38,400
46,200
54,000
61,800
2H11 - Sunflower seed exw RU
Sunflower Oil Ukraine - UAH/MT
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
18,000
25,000
32,000
39,000
46,000
53,000
60,000
67,000
0V31 - Sunflower oil crude fob UA (MBP)
The Ukrainian sunflower oil price deviated from the price trend seen in the Ukrainian sunflower seed market, falling
due to subdued demand in line with improvements in the alternative vegetable oils' supply. The MBP of Ukrainian
sunflower oil stood at UAH 52,459/MT, down 3.5% m-o-m but 52.3% higher y-o-y.
In August, the Russian sunflower oil price rose for the first time since March 2022, due to increased demand
particularly to India (top vegetable oil importer). According to the Solvent Extractors Association (SEA), India has
turned primarily to Russia for supply amid the Russia-Ukraine war, importing 72,780 tonnes in August (+152% y-o
-y). The MBP for Russian sunflower oil were at RUB 85,290/MT, up 0.3% m-o-m but 7.7% lower y-o-y in August.
Sunflower Oil Russia - RUB/MT
Aug 20 Nov 20 Feb 21 May 21 Aug 21 Nov 21 Feb 22 May 22 Aug 22
30,000
60,000
90,000
120,000
150,000
180,000
210,000
240,000
2H08 - Sunflower oil crude fob RU (MBP)
In August, the Russian sunflower seed price continued to decline, reaching a two-year low, due to increased
domestic supply on the back of its sunflower seed export ban, which was effective between April and end-August
2022. The August average price of Russian sunflower seed was recorded at RUB 25,360/MT, down 3.1% m-o-m
and 33.1% y-o-y.