World: Sunflower oil may remain premium until the end of this season

Published 2022년 3월 17일

Tridge summary

A severe shortage of sunflower oil is emerging on the global market, with limited alternatives available due to supply constraints of rapeseed, soybean, palm, and corn oils. The USDA forecasts a significant decrease in the balance of vegetable oils by the end of the season, down by 6.55% or -1695 thousand tons from the previous year. This shortage is linked to reduced sunflower oil exports from Ukraine, expected to fall by 25-35%. Consequently, the global market will experience a surge in sunflower oil prices, which may not stimulate exports as main consumers in India and China are unwilling to pay high prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A significant shortage of sunflower oil is forming on the world market, while the replacement of sunflower oil with rapeseed, soybean, palm and corn will be limited, since the volume of their supply is also limited. According to the USDA forecast, the balance of vegetable oils by the end of the season may decrease by 6.55% (-1695 thousand tons) compared to last year, oilworld.ru reports. Due to the current state of shipments from the ports of Ukraine and the likely decline in sunflower oil exports by 25-35%, the sunflower oil market in the world will experience an acute shortage of supplies. This, in turn, will lead to an increase in the spread between sunflower ...

Source: Oilworld