At the beginning of the 2023 season, export prices for Sunflowers to rise. The premium for NON-GMO soy has risen to $10-$20, while GM soy is trading at $450-470 per ton. This was reported by analysts at Spike Brokers.
“Sunflower prices have recovered towards Bulgaria and remain at a stable level in other directions. The Sunflower will be priced at $540-550 DAP traded in Bulgaria. The premium for a sunflower-rich sunflower is $20-35,” the release reads.
The latest signs for buyers:
- DAP Bulgaria ~$540-550;
- DAP Hungary ~ $530-540;
- DAP Romania ~ $530-540.
The supply of soy to Europe remains stable. Demand for GMO soy in Ukrainian ports has increased by $450-470 DAP continued. Towards Italy, the premium for NON-GMO soy increased to $10-$20.
The latest signs for buyers:
- GMO DAP Italy ~ €530-545;
- NON-GMO DAP Italy ~ €550-560;
- GMO DAP Poland ~ $495-500.
Source: UkrAgroConsult (Ukraine)