Prices for sunflower oil decrease in the EU due to high stocks

In the segment of sunflower oil on the EU market, there is a decrease in prices due to high stocks of both the oil itself and sunflower seeds. So, according to Oil World experts (Germany), as of April 13, sunflower oil prices on FOB Rotterdam basis were $1,030 per ton (-$35 per ton per week). According to analysts, in the first half of 2022/23 MY, sunflower seed stocks in the EU countries increased to 6.27 million tons, which is significantly higher than the figure for the same period last season (5.96 million tons). At the same time, this growth was facilitated primarily by the record high imports of oilseeds. According to Oil World (Germany), in August-January 2022/23 MY, the EU imported 1.33 million tons of sunflower, while in the same period of the 2021/22 season - only 0.27 million tons. In addition, despite a slight reduction in the production of oilseeds in the EU (mainly in Hungary, Romania and France) in the current season - up to 9.35 million tons, the volume of its ...