News

LONDON, July 25, 2019 -- CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of Black Sea Sunflower Oil Financially Settled (Platts) futures (based on Sunflower Oil FOB Black Sea Ukraine), to begin trading on August 26, 2019, pending all relevant regulatory review periods.

Last September, Diligent Capital Partners, a Private Equity fund, jointly with the development bank of the Kingdom of the Netherlands FMO, closed a landmark deal in the agricultural sector after years of inactivity in the market. Together they purchased 16% of Allseeds – one of the major producers and exporters of vegetable oils and meals in Ukraine.

According to charter brokers, the demand for tonnage clearly exceeds the amount of available fleet, which forces charterers to improve their offerings in order to avoid breaking contracts.