Forkagro Pixel
Trading platform Trading platform
Trading platform

We will connect you with potential partners and help you conclude a profitable deal in the agricultural sector.

Dont miss the opportunity to expand your business and increase your profits.

View applications
Express applications Express applications
Express applications

In the "Express applications" section you can get information about the sale or purchase of agricultural crops. The placement occurs automatically from open sources.

View applications
Fork Work Fork Work
Fork Work

Fork Work brings together experts and professionals in the field of agriculture who are ready to share their knowledge and experience to solve various problems.

More details
Purchase prices for sunflower decreased by 10%
Cereals
Legumes
Oilseeds
agricultural products

Purchase prices for sunflower decreased by 10%

Purchasing prices for sunflower in May decreased by 10%, reaching 27.22 thousand rubles per ton. Rapeseed prices increased by 5% to 33.4 thousand rubles per ton, and soybean prices increased by 3% to 37.6 thousand rubles per ton. The average demand price for sunflower on June 2 was 22.2 thousand rubles per ton, decreasing by 1.9 rubles over the week and by 2.6 thousand rubles over the past three months.

9 June 2023 9 June 2023

According to Rosstat, purchase prices for sunflower in May decreased by 10% compared to April and reached 27.22 thousand rubles per ton. At the same time, rapeseed rose in price by 5% to 33.4 thousand rubles/t, soybeans - by 3% to 37.6 thousand rubles/t. According to the OilWorld portal, the average demand price for sunflower as of June 2 was 22.2 thousand rubles per ton, having decreased by 1.9 rubles over the week and by 2.6 thousand rubles over three months.

Kirill Lozovoy, an analyst at the OleoScope information and analytical agency, says that sunflower prices in the Russian regions continued to decline in May as global oil prices continue to move downward, while the domestic market mirrors this trend. According to OleoScope, the cost of a ton of sunflower seeds in the Central Federal District in May fell to 24.4 thousand rubles. VAT included. In the South of Russia, there is also a fall in prices for crops - up to 25.1 thousand rubles / t. In the Volga Federal District, the decline was less noticeable, but prices in this macro-region are already low - 22.6 thousand rubles per ton in May.

“Relatively weak demand for finished products from importers leads to a drop in prices, supply obviously exceeds demand. On an FOB basis, the value failure in May has already reached the level of $750/t,” Lozovoy commented to Agroinvestor. According to him, the duty on oil, which in May was at the level of 1,122 rubles per ton, also had an impact on the pricing of sunflower seeds in the domestic market. Since June 1, the rate for the export of the product has become zero, so we can expect a slight increase in prices in the oil and fat complex.

In the spring, when the price of sunflower reached its lowest level since November 2022, SovEcon analysts noted that the main factor in the decline in demand from oil refineries was the fall in export prices for oil. At the same time, sunflower supply continued to grow against the backdrop of seasonal warming and deterioration of storage conditions on farms. “In the short term, we expect a further decline in prices for sunflower seeds and sunflower oil,” SovEcon analysts predicted.

Confirm
By continuing to use our site, you consent to the processing of cookies that ensure the proper operation of the site.
Accept all cookies