Turkey is actively increasing imports of sunflower oil and meal

Published 2024년 4월 8일

Tridge summary

In February, Turkey ramped up its imports of sunflower oil, meal, and seeds, primarily from Ukraine, Russia, and Romania, to offset a decline in its own sunflower processing capabilities. Despite a drop in sunflower seeds and oil imports during the September-February period of the 2023/24 marketing year, the country saw an increase in sunflower meal imports. Moreover, Turkey's exports of sunflower oil in February experienced a rise, with significant shipments directed to Ethiopia, various African nations, Lebanon, Syria, and Saudi Arabia, leading to an overall increase in sunflower oil exports compared to the same timeframe in the previous marketing year.

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

Original content

According to Oil World, in February, Turkey increased imports of sunflower oil from 69 to 128 thsd tonnes, sunflower meal from 148 to a record 218 thsd tonnes, and sunflower seeds from 11 to 25 thsd tonnes compared to January. The largest suppliers of sunflower oil in February were Ukraine (78 thsd tonnes), Russia (39 thsd tonnes) and Romania (6 thsd tonnes), and sunflower meal – Russia (108 thsd tonnes), Ukraine (101 thsd tonnes), Romania (6 thsd tonnes) and Bulgaria (3 thsd tonnes). Experts note that since January, Turkey has significantly increased the imports of sunflower oil and meal to compensate for the reduction of its own processing. In general, in September-February of 2023/24 MY Turkey decreased the imports of sunflower seeds from 534 thsd tonnes to 134 thsd tonnes, sunflower oil – from 588 thsd tonnes to 491 thsd tonnes, while increased the purchases of sunflower meal from 422 thsd tonnes to 573 thsd tonnes. At the same time, due to significant domestic reserves, the ...

Source: UkrAgroConsult