Ukrainian sunflower oil: demand increases, prices rise

During the week the price of sunflower oil followed global trends, showing that a slight increase, then decrease. But just at the end of the reporting period, a significant intensification of demand for Ukrainian products has caused the strengthening of the market (export prices increased on average by 15 USD / t).

Prices demand for sunflower oil located within the 1215-1220 USD / t on FOB Black Sea port for delivery in May for proposals aired in the range 1230-1235 USD / t

In terms of DAF-Poland exporters offer goods at a price of 1235-1240 USD / ton on the domestic market of oil changes were observed.

Currently manufacturers are willing to sell sunflower oil at a price of 9750-9950 UAH / t, EXW.

Price of sunflower oil in this season is very attractive compared to other oils. But despite the significant increase in demand, oil is still cheaper than other analogues, such as soy.

According to estimates by Oil World (Germany), Ukraine and Russia possess in general 300-350 tons of oil they can sell on the world market in July and September, which will make a significant pressure on prices.

Step-down effect also has information on good prospects for new crop seeds. As a result, consumers do not feel the need to force the purchase of oil on world markets.

Analysts believe that in July-September, sunflower oil does not lose his attractive price, especially since the market is a shortage of competing oils and fats, and the prospects of soybean in the U.S. worsen.

It is expected that at least to start in 2013, sunflower oil will be actively offered in the markets of North Africa and Asia.

Russian war against Ukraine

Russian War in Ukraine

Since the spring of 2021, Russia has been building up troops near the Ukrainian border and on the territory of Belarus. The strike group reached at least 150,000.

US and British intelligence have warned that Russian President Vladimir Putin is preparing a large-scale invasion to dislodge the legitimately elected government of Ukraine.

On February 24, Russia attacked Ukraine along the entire length of the common border, from the territory of Belarus and the occupied Crimea.

The Russian army shelled border outposts and carried out airstrikes on more than 40 objects of military infrastructure in almost all regions of Ukraine. The movement of tank columns and manpower began.

Putin called it a “special operation” aimed at “demilitarizing and denazifying Ukraine.”

The Army of Ukraine, the National Guard, the police, and Teroborona (territorial defense groups) are putting up fierce resistance.

Martial law and general mobilization were declared in Ukraine. President Volodymyr Zelenskyi said: “Ukrainians are on their land and will not give it to anyone.”

Western countries apply more and more sanctions against Russia and provide weapons to Ukraine.

The Armed Forces of Ukraine knocked out the Russian military from the Kyiv region, Chernihiv region, and Sumy region. They are being pushed out of Kharkiv Oblast. Fighting continues in Donbas and southern Ukraine.

The Russian army is bombing, and shelling residential quarters of cities, and destroying civilian infrastructure, hospitals, schools, and historical monuments.

Ukraine filed a lawsuit against Russia in The Hague. On March 16, the UN International Court of Justice passed an interim decision – it ordered Russia to stop hostilities in Ukraine. The Kremlin did not react.

A separate proceeding regarding Russia’s war crimes in Ukraine is being conducted by the International Criminal Court in The Hague.

82% of Ukrainians believe in victory

82% of Ukrainians believe in victory – a survey by Gradus Research

Russian War in Ukraine

Despite the intense level of stress, Ukrainians believe in the ability to repel Russia’s offensive (82%) and that after the war Ukraine will become stronger (77%).

emotions that experienced Ukrainians with Russian's attack

The most common emotion felt by the population of Ukraine due to the full-scale military invasion of Russia is anger (62%). These are the results of a survey conducted by Gradus Research 28.2–1.3.2022 (residents of cities 50 thousand +, 18-60 years old, 2144 respondents).

According to our compatriots, the two main factors of victory are the strength of the Armed Forces of Ukraine (63% believe so) and the unity and resistance of Ukrainian society (61%).

The majority in all regions of the country is convinced that Ukraine is able to repel the Russian attack.

Confirmation of the belief in the victory of Ukraine is the fact that the best result of the negotiations respondents consider peace on the terms of Ukraine or at least the withdrawal of Russian troops from Ukrainian territory. Only 1% of respondents agree to accept peace on the terms of the Russian Federation.

best possible outomes of Ukrainian-Russian negotiations

The main culprit in the war, Ukrainian society considers the leadership of the Russian Federation (46%), and another 40% tend to think that the leadership is guilty, and political elites, and the people of Russia. Respondents consider global isolation (70%) and economic decline (65%) to be the main consequences of the war for Russia.

63% of respondents trust the Armed Forces, and it is the institution to which the population has the highest level of trust. In second place – President V. Zelensky, in third place – volunteer organizations.

The actions of the president (fully or partially) are supported by 85% of respondents, and the reputation index of V. Zelensky reached an unprecedented 77%.

85% of respondents support Zelensky's actions

The full results of the survey are available on the Gradus Research website, at the link.

The survey was conducted by the research company Gradus Research by the method of self-completion of the questionnaire in the mobile application. The online panel Gradus displays the population structure of cities with more than 50,000 inhabitants aged 18-60 by gender, age, size of the region, and region. Field period: February 28 – March 1, 2022. The sample size is 2144 respondents.