Record export of sunflower oil from the EU

Published 2023년 8월 26일

Tridge summary

The EU has set a record for sunflower oil exports during the 2022/2023 marketing year, with a significant amount coming from Bulgaria and Romania. The main consumers of EU sunflower oil are Iraq, India, Morocco, and South Africa. Ukraine is also experiencing an increase in its sunflower processing volume, with countries like Bulgaria, Hungary, Romania, and Turkey buying Ukrainian sunflower to supplement their own oilseed processing plants and enter the Ukrainian market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Since the start of the 2022/2023 marketing year, the EU has exported a record amount of sunflower oil. Only for the period April-June this year it amounted to 318 thousand tons, with the main consumers being Iraq (104 thousand tons), India (28 thousand tons), Morocco (31 thousand tons) and South Africa (26 thousand tons) ). A large part of the production was sent from Bulgaria and Romania, reports OilWorld. Romania in the fight for the internal market In addition, since the beginning of the economic year, the EU has sharply increased the export of rapeseed oil - up to 562 thousand tons (in October-June 2021/2022 it amounted to 249 thousand tons), of which 151 thousand tons were delivered to China, 177 thousand tons in Norway, and 12 thousand tons - in Pakistan. For the period under review, the export of soybean oil from the countries of the bloc decreased - to 689 thousand tons compared to 746 thousand tons in October-June 2021/2022. Deliveries were mainly to Morocco and other ...
Source: Agri

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.