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, the Russian Federation, and Romania, as a strategy to offset a decline in its own processing capabilities. Despite a decrease in imports of sunflower seeds and oil for the September - February 2023/24 period compared to the previous season, Turkey has seen an increase in sunflower meal purchases. Moreover, Turkey's exports of sunflower oil have grown, particularly to Ethiopia, other African nations, Lebanon, Syria, and Saudi Arabia, leading to an overall rise in sunflower oil exports for the 2023/24 marketing year over the 2022/23 period.

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

Original content

According to Oil World, in February compared to January, Turkey increased its imports of sunflower oil from 69 to 128 thousand tons, sunflower meal from 148 to a record 218 thousand tons, and sunflower seeds from 11 to 25 thousand tons. The largest suppliers of sunflower oil in February were Ukraine (78 thousand t), the Russian Federation (39 thousand t) and Romania (6 thousand t), and sunflower meal - the Russian Federation (108 thousand t), Ukraine (101 thousand t), Romania (6 thousand t) and Bulgaria (3 thousand t). Experts note that since January, Turkey has significantly increased imports of sunflower oil and meal to compensate for the reduction in its own processing. In general, for the period of September - February 2023/24 of the MR, Turkey reduced the import of sunflower seeds from 534 to 134 thousand tons, sunflower oil - from 588 to 491 thousand tons, while it increased the purchase of sunflower meal from 422 to 573 thousand tons, compared to the same period of the ...

Source: Graintrade