Ukrainian oilseeds market

AGRO PERSPECTIVE «Ukrainian Grain & Oilseed Market » February 24, 2011`7`(312)

Within reporting week Ukrainian domestic market sunseeds prices continued growing up due to high demand as many big sunoil producers still needed sunseeds to load their production facilities.

Sunflower

   However, experts say sunseeds prices are possible to slightly decline in near future due to commodity markets recent fall.
As of this week, EXW basis sunseeds purchase prices were UAH4,300–4,600 per MT (for middlemen) and UAH4,600–4,800 per MT (for agricultural producers).
Within this week CPT basis sunseeds purchase prices fluctuated within UAH4,700–5,000 per MT (for agricultural producers) and UAH4,600–4,800 per MT (for middlemen), depending on sunseeds quality/shipment region.             
Within this week Ukrainian sunseeds export prices ranged within US$650–665 per MT (FOB Black Sea ports). 

Sunoil, sun.pell

       
Within reporting week Ukrainian crude sunoil export market followed global market tendencies and therefore has significantly slackened mainly due to Libya unfavorable situation having had provoked global crude sunoil market collapse. Besides, prices were also pushed down by recent Egypt tender (where Quadra Commoditiesand Nidera sold correspondingly  6,000 MT and 10,000 MT crude sunoil at US$1,371.80 per MT, CFR, second half Mar 2011 shipments).  
As of this week, external markets demand for Ukrainian crude sunoil has slackened to zero low. This week Ukrainian crude sunoil declarative export demand prices ranged within US$1,310–1,320 per MT (Mar 2011 shipments, FOB Black Sea ports); declarative export offer prices were US$1,340–1,350 per MT (Mar 2011 shipments, FOB Black Sea ports).       

As earlier forecasted, within this week Ukrainian domestic crude sunoil market has also slackened. As of this week, producers declared UAH11,800–11,200 per MT (EXW) crude sunoil domestic sale prices.    
Within reporting week Ukrainian sun.pell export market prices have started falling down.    Thus, this week DAF Belarus basis prices ranged within US$250–260 per MT (DAF Poland basis prices were also US$250–260 per MT). As of this week, FOB basis sun.pell export prices ranged within US$230–240 per MT.
Within this week domestic market sun.pell prices ranged within UAH2,050–2,200 per MT; sunseeds meal prices fluctuated within UAH1,850–2,050 per MT (depending on quality/shipment region).     

Export prices of Ukrainian sunflower complex articles

Delivery basis	23.02.2011			Changes within week, %	16.02.2011
Crude sunoil in bulk (US$ per MT)
	Offer	Demand	Average		Offer	Demand	Average
EXW*, UAH per MT	11,200	10,800	11,000	-3	11,400	11,250	11,325
FOB Black Sea ports	1,350	1,310	1,330	-2	1,370	1,330	1,350

*Domestic warehouses prices 

Export prices of Ukrainian sunflower complex articles

Delivery basis	23.02.2011			Changes within week, %	16.02.2011
Sun.pell (US$ per MT)
	Offer	Demand	Average		Offer	Demand	Average
EXW*, UAH per MT	2,200	2,050	2,125	-	2,200	2,050	2,125
DAF Poland	260	250	255	-1	265	250	258
DAF Belarus	260	250	255	-2	265	255	260
FOB Black Sea ports	245	230	238	-	245	230	238

*Domestic warehouses prices

Rape

 
There was no offer on rape seeds market within this week.  
As of this week, rape prices fluctuated within UAH4,900–5,100 per MT (CPT), depending on quality/shipment region.
In meanwhile, experts say Ukrainian present soil temperature is rather low and therefore unfavorable for rape seeds wintering; however, experts believe rape seeds might be destructed only on 10–15% total sown areas.       

Soybeans

          
As earlier, within this week Ukrainian soybeans market prices continued boosting up due to demand activation/high-quality soybeans low offer.
This week domestic market high-protein content soybeans prices ranged within UAH4,000–4,100 per MT, EXW (low-protein — UAH3,850–3,950 per MT, EXW). 
This week domestic market CPT basis soybeans prices fluctuated within UAH4,150–4,200 per MT.
Within reporting week low-protein content soy.pell prices ranged within UAH4,500–4,600 per MT, EXW (high-protein — UAH5,000–5,200 per MT, EXW).

11.03.2011