Turkey's inventories and exports of sunflower oil are gradually increasing

Published 2023년 9월 2일

Tridge summary

Turkey's stocks of sunflower oil have doubled in a year, leading to an increase in exports and a decrease in imports. The country's sunflower oil stocks in August rose to 500,000 tons, largely due to record-breaking imports of 1.27 million tons between September 2022 and July 2023, with most coming from Ukraine. In July alone, Turkey exported 57,000 tons of sunflower oil, primarily to Ethiopia, and has exported 634,000 tons in the 2022-2023 season, surpassing last season's total by 141,000 tons.

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Original content

The stocks of sunflower oil in Turkey have doubled in a year and, as a result, the country is gradually increasing the export of the product, while its import will decrease until the end of the year, commented the authoritative German company Oil World, quoted by the electronic publication APK-Inform. According to the company's analysts, the stocks of sunflower oil in Turkey at the beginning of August increased twice compared to the same period last year to 500 thousand tons. This was achieved thanks to the active import of the product between September 2022 and July 2023, which reached a record 1.27 million tons - 400 thousand tons more compared to the same period of the last agricultural season. The main amount of sunflower oil was imported to Turkey from Ukraine. Sunflower oil ...

Source: Sinor