Russian sunflower oil prices fell for the first time since the beginning of the year

Russian Interfax News Agency reported on April 12 that according to the monitoring of the Russian Sovecon Agricultural Consulting Agency, the average duty-paid price of Russian foodmate.
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html" class="zdbq" title="Sunflower Seed Related Food Information" target="_blank">sunflower oil per ton dropped by 4,825 rubles (approximately US$63) to 113,000 rubles (approximately US$1,468) last week.
), the first decline since the beginning of the year.
Analysts of the agency believe that the period of rapid increase in sunflower oil foodmate.
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html" class="zdbq" title="Price related food information" target="_blank">prices has ended.
As the current reserves are the lowest level in recent years, prices may remain relatively stable in the next few weeks.
However, Russia will impose floating export tariffs on sunflower oil from September 1, which will have a certain impact on prices.

 

　　Since the beginning of the year, the price of sunflower oil in Russia has risen by 40% due to high export prices.
Export prices began to decline in mid-March.