The oil producer in Moldova has stopped due to a lack of Ukrainian sunflower seeds

Sunflower Seed

Moldova

Regulation & Compliances

Market & Price Trends

Published Mar 28, 2024

Tridge summary

In Moldova, Floarea Soarelui, the country's largest oil producer, has ceased operations due to difficulties in acquiring enough sunflower seeds for production, a situation exacerbated by a new import licensing mechanism introduced in October 2023. Efforts to import seeds from Ukraine in January 2024 failed, leading to the shutdown of its facilities in Bielce and Giurgiulesti. The crisis is attributed to regulatory hurdles and market dynamics, with some farmers withholding seeds for better prices. Additionally, the Power of Farmers Association accuses Floarea Soarelui, part of the Trans-Oil group, of trying to monopolize the market and control prices, though the company defends its pricing strategy as competitive and necessary due to high raw material costs.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The largest oil producer in Moldova, Floarea Soarelui, has suspended operations due to a lack of sunflower seeds. This was stated by the director of the enterprise, Stella Ostrovetsky, writes UkrAgrokonsalt with reference to "INFOTAG". According to her, Floarea Soarelui cannot buy enough sunflower seeds on the local market and cannot import them, because the import licensing mechanism introduced in October 2023 is practically not working. "In January 2024, we tried to get the right to import seeds from Ukraine, but the specialized commission of the Ministry of Agriculture did not issue us a license," Ostrovetsky said. She noted that the enterprise can process more than a thousand tons of sunflower seeds per day, accordingly, in order to continue functioning, large volumes are needed, which the enterprise cannot buy. For this reason, production was stopped in January, and now the plant in Bielce and Danube Oil in Giurgiulesti have been stopped again. "According to our estimates, ...

Source: Agravery