Sunflower oil is more expensive than rapeseed oil

Published 2020년 9월 22일

Tridge summary

Since the relaxation of restrictions due to the Corona crisis, vegetable oil prices in Germany have surged, led by a significant increase in sunflower oil prices. The rise is attributed to a rise in fuel demand, an increase in the GHG quota, and delays in harvests in Ukraine, a key sunflower oil supplier. Factors such as buoyant Chinese buying and speculations about the US harvest have also contributed to the price hike, with sunflower oil becoming more expensive than rapeseed oil for the first time in over two years.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

09/22/2020 | 16:16:00 | ID: 29192 | Department: Agriculture | Plant Berlin (agrar-PR) - The most important vegetable oils have become more expensive since the easing measures in the wake of the Corona crisis. In the past few weeks, sunflower oil in particular has seen a steep increase, and the prices for vegetable oils in Germany have increased significantly since the beginning of May 2020. They were mainly supported by the easing measures in the Corona crisis. As a result of the lifting of restrictions on private and public life, including the movement of goods and people on the roads, demand for fuels rose again, increasing the need for admixture with biodiesel and, as a result, buying interest in vegetable oils. The increase in the GHG quota from 4 to 6% in 2020 is also likely to be partly responsible for the significant increase in demand. Since the quota transfer from the previous year is no longer possible either, the GHG savings 2020 must be fully met with the physical ...
Source: Agrar

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