01 Sunflower

Week 44 (October 28-November 1, 2024) The price of imported sunflower oil rose this week. The specific prices in each region are as follows:

Weekly Review:

This week, domestic sunflower prices rose. Kazakhstan and Russia still have a small number of oil sunflowers arriving, and the supply is short. In Russia, the price of oil sunflowers has risen due to the reduction in production, and farmers are not in a hurry to ship, so the export volume of oil sunflowers is small. The price of Russian foreign sunflowers has risen again, and the import cost has risen, which is good for the oil sunflower market. After the new season of oil sunflowers, the operating rate of oil mills has increased, the demand for oil sunflowers is high, and the speed of goods is fast, which is good for the oil sunflower market.

It is expected that the price of oil sunflowers will be stable in the short term. The supply concerns are high, and the oil sunflowers are in short supply, which supports the oil sunflower market. In addition, oil mills have started work one after another, and are eager to replenish stocks. The demand is good, which is good for the oil sunflower market. However, the price of oil sunflowers is too high, and peanuts may have a substitution effect, and oil mills will turn to produce peanut oil.

02 Sunflower Oil 

Week 44 (October 28-November 1, 2024) The average price of domestic sunflower oil this week is 10,133 yuan/ton, of which the price of first-grade sunflower oil in Jiangsu is 10,500 yuan/ton; the price of first-grade sunflower oil in Xinjiang is 9,500 yuan/ton, and the price of first-grade sunflower oil in Tianjin is 10,300 yuan/ton. The prices in various regions are as follows: 

Weekly Review:

This week, domestic sunflower oil prices rose again. The main reason is the shortage of raw materials. The amount of sunflower oil arriving at the port is small. The main sunflower producing areas of the EU, Russia and Ukraine have reduced production. The price of oil sunflowers has continued to rise. Farmers are not in a hurry to sell, and the supply of sunflower oil is tight. Weak supply and strong demand have caused the price of sunflower oil to rise all the way. The rise in Russian foreign prices and the increase in import costs have supported the sunflower oil market.

It is expected that the price of sunflower oil will rise in the short term. The peak season of sunflower oil has begun, and demand has improved. The reduction in sunflower oil production in the main producing countries of Ukraine and Russia has supported sunflower oil. The price of soybean oil and rapeseed oil has stabilized. If the price of sunflower oil is too high, there will be a substitution effect. The price advantages of corn oil and peanut oil are obvious, so there is not much room for increase.