Logistics and global dynamics in the spotlight of the EU vegetable oil market

The EU vegetable oil market will be impacted by logistics issues in Ukraine and high inventories at destinations, while reduced soybean oil supplies and dry weather in Asia could support the vegetable oil complex, oilworld.ru reports, citing S&P Global Platts. KEY POINTS Black Sea and Inland Logistics Vegetable oil cargoes from Ukraine are mainly exported through Danube ports and the EU border, with infrequent shipments through Odessa (Black Sea) ports. “There are safer routes across the Danube, so freight rates are lower because there is no need for military insurance,” one trader said. “People still rarely use Odessa ports for sunflower oil.” Protests by Polish carriers on the border between Ukraine and Poland have affected trade flows into the EU since mid-November. As of early January, Polish farmers signed an agreement with the Ministry of Agriculture and unblocked the Medyka-Shegini checkpoint on the border with Ukraine. The overall situation remains unresolved, despite the ...