Sunflower oil will be cheaper in price
The season of 2016-2017 for Ukraine has become very successful, due to the high yield of seeds. Production and exports sunflower oil and other cereals can reach a record high. 14,000,000 tons of harvested seeds will produce 5,170,000 tons for export. This is reported by UkrAgroConsult.
Due to the high yield, the difference between the three most common types of oils can be negative. This means that the price may drop significantly, which will affect the level of profit and profitability of the business. Already, there is a tendency to reduce the cost of production.
Comparative characteristics of price increases:
- Soybean: + 7%
- Palm: + 13%
- Sunflower: -4%