01 Sunflower

Week 42 (October 14-18, 2024) The price of imported sunflower oil remained basically stable this week. The specific prices in each region are as follows:

Weekly Review:

This week, domestic sunflower prices remained stable. New season sunflowers began to be put on the market in batches. The demand for sunflowers and sunflower oil in Kazakhstan increased, and the supply was in short supply. In Russia, the price of sunflowers rose due to the reduction in production, and farmers were not in a hurry to ship. Foreign sunflowers arrived in small quantities, so the impact on domestic sunflower prices was relatively small. It is expected that a large number of them will arrive in November. The good quality may suppress the price of domestic sunflowers.

It is expected that the price of sunflowers will rise in the short term. The supply concerns are high, and the supply of sunflowers is in short supply, which supports the sunflower market.

02 Sunflower Oil

Week 42 (October 14-18, 2024) The average price of domestic sunflower oil this week is 9,550 yuan/ton, of which the price of first-grade sunflower oil in Jiangsu is 9,750 yuan/ton; the price of first-grade sunflower oil in Xinjiang is 9,000 yuan/ton, and the price of first-grade sunflower oil in Tianjin is 9,750 yuan/ton. The prices in various regions are as follows:

Weekly Review:

This week, domestic sunflower oil prices rose slightly. Supported by favorable macroeconomic policies and the peak season for oils and fats, the price of raw materials rose and the price rose again. In terms of supply, due to the current low crushing volume of new season oil sunflowers, the reduction in Russian oil sunflower production has caused a shortage of supply and farmers are not in a hurry to sell, the supply is short, dealers are not in a hurry to replenish and wait for the new season sunflower oil to arrive at the port. It is expected that the new season sunflower oil will arrive at the port one after another.

It is expected that the price of sunflower oil will run smoothly in the short term. The peak season for sunflower oil has begun, demand has improved, and the main producing countries of sunflower oil, Ukraine and Russia, have reduced production, weak supply and strong demand, and the increase in favorable factors in the macro market, the price of sunflower oil has been rising all the way, and the price of soybean and rapeseed oil has stopped rising and fallen, which may drag down sunflower oil, so sunflower oil may run smoothly.