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Ukrainian oilseeds market

AGRO PERSPECTIVE «Ukrainian Grain & Oilseed Market » December 9, 2010`48`(302)

Within reporting week on Ukrainian domestic sun seeds market was observed growth of purchases by processers. Soon it is expected insignificant strengthening of the prices by plants, owing to a great demand.
There is a high activity of trade on the elevators but soon paces of commerce on elevators will be slowed down, in connection with coming holidays.
Last week, EXW basis sun seeds purchase prices ranged within UAH4,200–4,300 per MT (CPT basis purchase prices fluctuated within UAH4,300–4,400 per MT depending on sun seeds quality/shipment region). 
Last week Ukrainian sun seeds export prices ranged within $605–625 per MT (FOB Black Sea ports).
The market of crude sunflower oil followed tendencies of the world market and has slightly become stronger, owing to growth of demand. Ukrainian crude sun oil export prices ranged within $1,310–1,320 per MT (Jan 2011 shipments, FOB Black Sea ports, demand) and $1,320–1,330 per MT (Jan 2011 shipments, FOB Black Sea ports, offer).
Within reporting week Ukrainian domestic sun oil market remained relatively stable. Last week, producers declared UAH10,500–10,700 per MT (EXW) crude sun oil domestic sale prices.
Within reporting week Ukrainian sun meal export market prices have slightly declined due to demand slackening. Thus, last week DAF Belarus basis prices ranged within $280–290 per MT (DAF Poland basis prices were $260–270 per MT). 
Last week, domestic market sun meal prices ranged withinUAH2,150–2,350 per MT; suns pell prices fluctuated within UAH1,950–2,100 per MT (depending on quality/shipment region).  
Within reporting week the rapeseeds market prices significantly increased. Thus, limited volumes of rapeseeds caused high demand that became the reason for increasing of prices. As some operators of the market who should carry out of their obligations are forced to purchase under the high prices.
EXW basis rapeseeds purchase prices ranged within UAH4,500–4,600 per MT, thus some operators of the market who have already carried out of their obligations under contracts and do not require purchases, declare the prices in a range UAH4,150–4,250 per MT.
Ukrainian rapeseeds export prices ranged within $550–590 per MT depending on rapeseeds seeds quality.
As of this year Dec 3, Ukrainian agrarians have sown winter rape at 1,033.800 ha (85% total planned 1.223 mn ha). 
Last week Ukrainian soybeans market prices insignificantly rose. Domestic market high-protein content soybeans prices ranged within UAH3,200–3,300 per MT, EXW (low-protein - UAH3,100–3,200 per MT, EXW). 
Last week domestic market CPT basis soybeans prices fluctuated within UAH3,250–3,450 per MT.
CPT-port soybeans export prices ranged within $410–415 per MT, and FOB prices $430–440 per MT.
Within reporting week low-protein content soy meal prices ranged within UAH3,950–4,050 per MT, EXW (high-protein - UAH4,100–4,300 per MT, EXW).  
As of this year Dec 3, Ukrainian agrarians have harvested 1.671 mn MT soybeans against 1.022 MT for the same period year earlier.
This year average yield - 16,1 metric centners per ha against 16,3 metric centners year earlier. Soybeans have been harvested at 1,038 000 ha (100%) against 626, 000 ha year earlier.  

Domestic prices of sun oil and meal, UAH/tonne

Basis

08.12.10

01.12.10

November
2010
average

October
2010
average

November
2009
average

Min

Max

Min

Max

Sun oil crude EXW, UAH/t

=

10,500

10,700

10,500

10,700

10,375

9,713

6,528

Sun meal EXW, UAH/t

=

2,150

2,350

2,150

2,350

2,074

2,213

1,315

Export prices of sun oil and meal, $/tonne

Basis

08.12.10

01.12.10

November
2010
average

October
2010
average

November
2009
average

Min

Max

Min

Max

 Sun oil crude FOB Black Sea

­

1,310

1,330

1,280

1,300

1,324

1,188

833

Sun meal DAF, Poland

¯

260

270

270

275

284

267

158

Sun meal DAF, Byelorussia

¯

280

290

290

295

299

274

161

Sun meal FOB Black Sea

 

-

-

-

-

245

263

163

13.01.2011


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