Within reporting week Ukrainian domestic market sunseeds prices have been falling due to market panic. Thus, on Fri prices have fallen to UAH3,900 per MT as trade had been suspended.
As of this week, EXW basis sunseeds prices ranged within UAH4,000–4,100 per MT, EXW/ UAH4,050–4,200 per MT, CPT (depending on sunseeds quality/shipment region).
Experts say domestic market sunseeds prices will resume growing.
Within this week Ukrainian sunseeds export prices ranged within US$580–600 per MT (FOB Black Sea ports).
As of Oct 28/10, Ukrainian agrarians have harvested 6.88 mn MT sunseeds at total 4.3 mn ha (97% planned); sunseeds average yield equaled to 16,0 metric centners per ha.
As reported Ministry of Agrarian Policy referring to regions operative data, as of this year Oct 29, Ukrainian sunseeds average purchase price was UAH4,173 per MT, up against last week UAH3,971 per MT.
As of this year Oct 29, Ukrainian sunseeds minimal purchase price was registered in Sumy region (UAH3,850 per MT), while maximal purchase price was registered in Dnipropetrovsk region (UAH4,400 per MT).
It is to be admitted, this year Oct 29 Ukrainian sunseeds average purchase price is 82% up against last year Oct 29 (UAH2,293 per MT).
As to this year Oct 25-Oct 29 Ukrainian exchange markets trade results, 2 class sunsseds (2010 crop) average sale price was UAH3,556.31 per MT (FCA, spot); minimal sale price was UAH3,473.19 per MT (FCA, spot), maximal — UAH3,639.34 per MT (FCA, spot).
As to Ministry of Agrarian Policy data, Ukrainian exchange market new crop sunseeds trade volume totaled (as of this year Oct 29) 13,679 MT, incl. spot trade — 10,015 MT (domestic contracts — 2,633 MT; export contracts — 7,382 MT) and forward trade — 3,664 MT (only export contracts).
As of this year Oct 28, companies faced sunoil export difficulties which appeared due to unofficial export ban originated by Ukrainian customs house by its having refused to carry out sunoil export customs procedures. As a result, market was seized by panic, so processors suspended sunseeds purchases in apprehension of sunoil export halt.
As of this year Oct 28 working day end, sunseeds purchases still weren’t resumed. However, market uncertainty lasted only 2 days: on Fri (this year Oct 29) market operators declared, also unofficially, that export limitations were removed.
In our opinion, this panic had been created artificially in order to reduce domestic market sunseeds prices to let some companies purchase sunseeds at advantageous prices: in fact, sunseeds prices have fallen averagely by UAH200–300 per MT (in some regions — by UAH500 per MT). However, the only thing remains unknown — who was organizer of this action. As it seems, organizer could be grains trading companies (which are eager to switch from grains market to sunseeds/sunoil markets to evade grains market problems) or State bodies (which thus tried to force down sunoil prices in that way). In any case, however, panic was a testing of market reaction (which, in fact, wasn’t long in coming).
In our opinion, sunseeds prices will recover, — as there are, so far, no objective reasons for their fall.
Sunoil, sun.pell
Within reporting week Ukrainian crude sunoil market didn’t much slacken even despite Oct 28 market panic. Prices have been backed by global market prices growth, RF active purchases and Egypt recent tender.
Within this week Ukrainian crude sunoil export prices ranged within US$1,255–1,270 per MT (Nov-Dec 2010 shipments, FOB Black Sea ports) and US$1,290–1,310 per MT (DAF RF).
As of this week, Ukrainian domestic crude sunoil market prices remained relatively stable. As of this week, producers declared UAH9,900–10,100 per MT (EXW) crude sunoil domestic sale prices.
Within reporting week Ukrainian sun.pell export market prices remained stable. Thus,
this week DAF Belarus basis prices ranged within US$290–300 per MT (DAF Poland basis prices were US$275–285 per MT). It is to be admitted, sun.pell export FOB basis trade activity has lowered due to slack demand.
As of this week, domestic market sun.pell prices ranged within UAH2,200–2,400 per MT; sunseeds meal prices fluctuated within UAH1,950–2,050 per MT (depending on quality/shipment region).
As to Ministry of Agrarian Policy data, this year Oct 29 Ukrainian packaged sunoil average wholesale price was UAH10,50 per kg, up 22% against last year similar UAH8,59 per kg.
As of this year Oct 29, Ukrainian packaged sunoil minimal wholesale price was registered in Vinnytsia region (UAH9,0 per kg), while maximal price was registered in Rivne region (UAH11,40 per kg).
Export prices of Ukrainian sunflower complex articles
Delivery basis
03.11.2010
Changes within
week, %
27.10.2010
Crude sunoil in bulk (US$ per MT)
Offer
Demand
Average
Offer
Demand
Average
EXW*, UAH per MT
10,100
9,900
10,000
+1
10,100
9,800
9,950
FOB Black Sea ports
1,270
1,255
1,263
+1
1,260
1,240
1,250
*Domestic warehouses prices
Export prices of Ukrainian sunflower complex articles
Delivery basis
03.11.2010
Changes within
week, %
27.10.2010
Sun.pell (US$ per MT)
Offer
Demand
Average
Offer
Demand
Average
EXW*, UAH per MT
2,400
2,200
2,300
-
2,400
2,200
2,300
DAF Poland
285
275
280
-
285
275
280
DAF Belarus
300
290
295
-
300
290
295
FOB Black Sea ports
-
-
-
-
275
265
270
*Domestic warehouses prices
Rape
Within reporting week domestic rape seeds market prices have slightly grown as domestic free rape reserves have been already almost exhausted.
As of this week, 1 class food rape prices fluctuated within UAH4,100–4,250 per MT (CPT port), 2 class technical rape prices were UAH4,000–4,100 per MT (CPT port).
EXW basis rape prices ranged within UAH3,900–4,000 per MT (depending on rape quality/shipment region). However, it is to be admitted, domestic rape trade was zero low as country free rape reserves had been already almost exhausted.
As of this week, Ukrainian rape export rates were rather high.
As reported Ministry of Agrarian Policy referring to regions operative data, this year Oct 29 Ukrainian rape average purchase price was UAH3,718 per MT, up against last week UAH3,673 per MT.
As of this year Oct 29, Ukrainian rape minimal purchase price was registered in Chernighiv region (UAH3,390 per MT), while maximal purchase price was registered in Myckolayiv region (UAH4,150 per MT).
It is to be admitted, this year Oct 29 Ukrainian rape average purchase price is 38% up against last year Oct 29 (UAH2,682 per MT).
As to this year Oct 25-Oct 29 Ukrainian exchange markets trade results, new crop food rape average price was UAH4,071.84 per MT (DAF, spot). In total 360 MT rape were offered at this price. Minimal rape sale price was UAH2,990.58 per MT (DAF, spot), maximal — UAH4,288.09 per MT (DAF, spot).
As to Ministry of Agrarian Policy data, volume of new crop rape trade on Ukrainian exchange market (as of this year Oct 29) has reached 1,105.850 MT, incl. spot trade — 545,438 MT (domestic contracts — 470 MT; export contracts — 544,968 MT) and forward trade — 560,412 MT (only export contracts).
As of this year Oct 28, Ukrainian agrarians have sown winter rape at 1.023 mn ha (84% total planned 1.225 mn ha).
Soybeans
Within this week Ukrainian soybeans market prices remained relatively stable.
As of this week, domestic market high-protein content soybeans prices ranged within UAH3,200–3,250 per MT, EXW (low-protein — UAH3,050–3,150 per MT, EXW).
This week domestic market CPT basis soybeans prices fluctuated within UAH3,300–3,350 per MT.
Soybeans export price equaled to US$415 per MT, CPT.
As of this week, soyoil price equaled to UAH9,200 per MT, EXW/US$1,150–1,170 per MT (DAF Poland).
Within reporting week low-protein content soy.pell prices ranged within UAH3,950–4,050 per MT, EXW (high-protein — UAH4,200–4,300 per MT, EXW). As reported Ministry of Agrarian Policy referring to regions operative data, as of this year Oct 29, Ukrainian soybeans average purchase price was UAH3,157 per MT, up as of last week UAH3,139 per MT.
As of this year Oct 29, Ukrainian soybeans minimal purchase price was registered in Sumy region (UAH3,000 per MT), while maximal purchase price was registered in Kherson region (UAH3,300 per MT).
It is to be admitted, this year Oct 29 Ukrainian soybeans average purchase price is up 9% against last year Oct 29 (UAH2,898 per MT).
As to this year Oct 25-Oct 29 Ukrainian exchange markets trade results, soybeans (2010 crop) average sale price was UAH3,296.23 per MT (CPT, spot); minimal sale price was UAH3,164.64 per MT (CPT, spot); maximal — UAH3,322.87 per MT (CPT, spot).
As to Ministry of Agrarian Policy data, Ukrainian exchange market new crop soybeans trade volume totaled (as of this year Oct 29) 94,725 MT, incl. spot trade — 66,729 MT (domestic contracts — 42 MT, export contracts — 66,687 MT) and forward trade — 27,996 MT (only export contracts).
As of this year Oct 28, Ukrainian agrarians have harvested 1,458.000 MT soybeans at 935,100 ha (88% total planned); soybeans average yield is 15,6 metric centners per ha (down against 16,3 metric centners per ha).
