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    Ukraine: sunflower seed prices continue growing


      sunflower seed ukraine      According to the market participants, due to a decrease of the precipitation volumes, some regions of Ukraine resumed the harvesting campaign of sunflower seed. The quality of the oilseed harvest at the present stage is estimated as quite low, the main complaints come to the sphere of the high weed rate of the oilseed and the low oil content, which varies within the range of 39-44%.
      Rather low yield of sunflower seed is typical for agricultural enterprises of the southern oblasts, and to date the index was announced at the level of not more than 12 c/ha (Nikolayev, Kherson, Odessa oblasts). According to agrarians of the individual eastern oblasts (Kharkiv, Luhansk oblasts), the local yield varied within the range of 18-20 c/ha.
      Due to information of worsening of the quality of the harvested sunflower seed, and the low number of offers on the domestic market of oilseeds, Ukraine faced the growth of the supply /demand prices for the new crop oilseed. During the current week the purchasing prices varied within the range of 4100-4350 UAH/t EXW, and nearly 4600 UAH/t CPT-enterprise. But in the previous week the processors mainly declared the purchasing prices at the maximum level of 4450 UAH/t CPT.
      In the current week the exporters were ready to sell Ukrainian sunflower seed on foreign markets at the prices within the range of 650-670 USD/t FOB.

      Olive oil is moved to Ukraine

        olive oil in ukraine
        eqyXyLT5 thumbThe price of olive oil fell to the lowest mark in the last decade. The main reason for falling prices is reducing the demand of olive oil in the southern European countries. Because of the crisis people go for sunflower oil and butter. In Ukraine conversely is growing demand for olive oil.
        Italy, Greece and Spain provide 70% of global sales of olive oil and 60% of consumption. According to broker ICAP, the Greeks began to abandon the premium grades of olive oil in favor of normal, while the Spaniards were eating more butter.
        Crisis for Ukrainian is indifferent. As the director of financial and analytical consulting Priority Consulting Andrew Kozachenko said, in recent years the share of olive oil in the consumer basket Ukrainian actively growing. While in the consumption of vegetable oils, its share is only 1.5%, or 0.07 liters per capita. However, when compared with the figure in 2006, it increased eight times from 0.01 liters (0.3%) per capita.
        Currently olive oil market in Ukraine can be characterized as stable growing. “In the first quarter of 2012, the volume of supply over the same period last year increased by 9.6%, which characterizes the market with the positive side,” – said Andrew Kozachenko.
        According to Priority Consulting, in 2011 imports of sunflower oil, according to State Statistics Committee, was 3.70 million kg, in 2010 – 3.26 million kg, in 2009 and – 2.62 million kg. For comparison: in 2006 imports of olive oil amounted to 0.75 million kg in 2007 – 1.44 million kg. According to Priority Consulting, the largest supplier, who holds positions for many years, is Spain, which owns about 60% market share in the total supply of olive oil. There is a large share of Greece, which are about 18-20%, Italy – 14-15%.
        If you consider the rate of average annual consumption of olive oil per person, we can note a very low consumption of this product in Ukraine in comparison with many European countries. It also forms the reserves market growth in the upcoming term. Producing countries consume 80% of olive oil: the Greeks – 23.7 kg. per capita per year, Italians – 13.6, the Spaniards – 13.5, the people of Tunisia – 9.1, Portuguese – 7.1 kg, Germany, England, Canada – 0.7 kg. While in Ukraine only 0.3 kg.
        Thus, the Ukrainian market, in terms of economic growth and unsaturation segment presents interest to producers of olive oil.
        As the analysts said, annual demand for olive oil in Ukraine has increased due to the gradual introduction in Ukraine the culture of consumption of olive oils by means of exhibitions, workshops, presentations and tastings. Therefore, given the situation on world markets will not entail a strong reduction of olive oil.
        “It is forecast that the impact of the above factors may affect the price drop to 2-5%, but considering strategies of world producers in foreign markets the Ukrainian market is characterized by significant growth potential that will contain lower prices”, – says Andrew Kozachenko.
        “Due to the situation on the world olive oil market in the future should expect growth as consumption and imports of olive oil to Ukraine. Far from saturation of the market, plus elite product and price reductions on it together affect the recovery of demand and increased sales of the product. And with the growth of the welfare population will grow and the financial capacity of the market by increasing the benefits of olive oil with premium and super-premium-segment in the opposite case – will be imported oil lower price ranges “- predicts Andrew Kozachenko. 

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

        Ukraine victory

        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%).

        victory of Ukraine

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

        confidence of Ukraine to win

        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.

        Russian war consequenses

        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.

        trust in institutions by Ukrainians

        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.

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