Sunflower oil prices in Ukraine unlikely to rise despite Kernel plant halt

Ukrainian sunflower oil prices in stores are unlikely to rise despite agroholding Kernel halting all its oil plants and sunflower purchases due to Russian attacks, according to expert Oleh Pendzyn. The country has sufficient oil reserves to meet domestic demand. As of November 13, a 850 ml bottle of refined "Oleina" oil averages 104.66 hryvnias, with prices ranging from 99.99 hryvnias at Novus to 112.50 hryvnias at Megamarket. Meanwhile, purchase prices for sunflower seeds have dropped to 15,000–16,000 hryvnias per ton, with analysts expecting further declines as fewer enterprises process the harvest. The price drop is influenced by global markets, as palm oil has become cheaper amid falling oil prices, prompting major importers like India to shift purchases. Farmers are urging the government to cancel export duties on sunflower, soy, and rapeseed to help producers sell crops and obtain working capital, especially since logistics costs to Turkey reach 160–180 dollars per ton.