1. Weekly News

Peru

Peru's Sunflower Oil Imports in Jan-25 to Jul-25 Led by Argentina

From Jan-25 to Jul-25, Peru imported 7.75 million kilograms (kg) of refined sunflower oil worth USD 11.78 million. Argentina was the leading supplier, accounting for 48% of imports with USD 5.62 million in sales, followed by Bolivia with USD 4.41 million and Spain with USD 1.08 million. This underscores Argentina’s dominant role as Peru’s primary supplier of refined sunflower oil, shaping the country’s import dynamics.

Türkiye

Türkiye Cuts Sunflower Import Duties to Support Producers Amid High Global Prices

The Turkish government will reduce import duties on sunflower seeds from 20% to 12% and on crude sunflower oil from 36% to 30%, effective October 1, 2025. The measure aims to support domestic producers, stabilize prices, and increase import volumes, particularly from Russia. This policy is expected to enhance processor margins and strengthen Türkiye’s role as a key importer of sunflower and crude oil and an exporter of refined sunflower oil in the Black Sea-Mediterranean region. Global sunflower oil prices remain elevated, with Russian and Ukrainian free-on-board (FOB) prices around USD 1,135 to 1,200 per metric ton (mt), and Indian import prices reaching USD 1,300 to 1,310/mt due to supply constraints and rising palm oil prices. Early harvests in Ukraine and Russia are gradually increasing supply and exerting downward pressure on seed and oil prices. Broader vegetable oil markets are influenced by palm and soybean oil trends, while crude oil prices remain high, providing continued support for global vegetable oil prices.

Silivri Municipality Begins Sunflower Harvest

Türkiye's Silivri Municipality has commenced harvesting sunflowers from approximately 1,500 acres, with the resulting oil to be distributed free of charge to 15,000 households through the Together Solidarity Market. Led by the Mayor of Silivri, the initiative aims to utilize municipal agricultural lands for both production and social support, ensuring locally produced sunflower oil reaches citizens while promoting community solidarity. The municipality emphasized that such projects combine agricultural activity with social assistance, reflecting a broader commitment to local welfare and sustainable resource use.

Ukraine

Ukraine's High-Oleic Sunflower Declines in 2024/25, Recovery Expected in 2025/26

High-oleic sunflower cultivation in Ukraine has contracted to its lowest area since 2019/20, driven by heat, drought, and unstable margins for producers, leading to a second consecutive decline in both harvests and exports in 2024/25. Despite these setbacks, strong global demand for high-oleic sunflower oil in the food industry continues to support long-term growth prospects. For 2025/26, Ukraine projects a 21% increase in sown area and an 18% rise in harvest, though yield expectations remain subdued.

Ukraine Sunflower Seed Forward Prices Remain Stable Ahead of 2025 Harvest

Forward prices for sunflower seeds in Ukraine remain stable at around USD 630/mt Value Added Tax-Delivered at Place (VAT DAP) for Sep-25 to Oct-25 delivery, with a price spread of up to USD 100 between contracts. Analysts note that factories may use these forward volumes to push for lower prices at the start of the season. Sunflower oil prices remain range-bound, while meal is expected to undergo a correction beginning in Nov-25. Buyer indications for the 2025 harvest show DAP Ukraine prices at approximately USD 610 to 630/mt, including VAT.

2. Weekly Pricing

Weekly Sunflower Oil Pricing Top Producers (USD/kg)

Yearly Change in Sunflower Oil Pricing Top Producers (W35 2024 to W35 2025) 

Russia

Russia's sunflower oil prices held steady at USD 1.16/kg in W35, showing no week-on-week (WoW) change but rising 24.73% year-on-year (YoY), supported by strong demand despite expectations of record harvests. Forecasts project sunflower output at 18.2–19.5 million metric tons (mmt), lifting overall oilseed production above 33 mmt and raising sunflower oil production potential to over 10.5 mmt. With export capacity estimated at 5.2 mmt, an abundant supply is likely to heighten competition in global markets. While stable prices reflect current demand, analysts warn that record harvests, increased processing, and growing export availability could create downward pressure in the coming months, particularly as seasonal supplies from the EU and Ukraine also expand.

Ukraine

Ukraine's sunflower oil prices held steady at USD 1.23/kg in W35, experiencing no weekly changes but up 29.47% YoY, supported by strong domestic demand and low initial yields of 0.56 mt per hectare (ha) in early harvesting. High purchase prices for sunflowers ranging from USD 628.50–652.67/mt (UAH 26,000 –27,000/mt) reflect the limited supply ahead of mass harvesting in mid-September. However, downward pressure is emerging from external factors, as Russia forecasts a record 18.3 mmt sunflower harvest and has already seen crude oil prices fall to USD 1,130–1,135/mt. With EU, Russian, and Ukrainian supplies expected to rise seasonally in Sep-25, and weaker demand from India anticipated, Ukraine's sunflower oil prices could face correction despite short-term domestic tightness.

Argentina

In W35, Argentina's sunflower oil prices increased 1.75% WoW to USD 1.16/kg, representing a 23.40% YoY rise. The upward trend is supported by record-breaking volumes, with 487,541 mt processed in Jul-25, the highest monthly level in a decade, and cumulative crushing in the first half of 2025 (H1-2025) reaching 2.72mmt. Export activity also strengthened, as crude sunflower oil shipments increased 22.5% YoY to 778,762 mt, accounting for nearly 70% of sunflower complex trade, while processed oil exports advanced 74.6%. In contrast, refined sunflower oil exports declined 21.9% YoY, indicating a possible prioritization of crude oil markets. Argentina is consolidating its position as the world's fourth-largest sunflower oil exporter. Strong crushing and robust demand are likely to support prices in the short term, although competition from Black Sea suppliers may limit further increases.

3. Actionable Recommendations

Strengthen Regional Trade Diversification

Peruvian buyers heavily dependent on Argentina should diversify sourcing by expanding imports from Bolivia, Spain, or Black Sea suppliers. This would reduce supply risks, stabilize domestic availability, and leverage competitive pricing as Russia and Ukraine increase output.

Capitalize on Policy-Driven Market Shifts

Exporters, particularly from Argentina and the Black Sea region, should prepare to expand shipments of sunflower seeds and crude oil to Türkiye following its tariff reductions in Oct-25. Enhancing partnerships with Turkish refiners will secure long-term access to a growing re-export hub for refined oil in the Mediterranean.

Invest in High-Oleic Sunflower Value Chains

Given rising demand from the food industry and Ukraine’s production setbacks, exporters and processors should scale up high-oleic sunflower cultivation and marketing. Building dedicated supply chains for premium oil would capture higher margins, meet shifting consumer preferences, and reduce reliance on bulk commodity pricing.

Sources: Tridge, SuperAgronom, Kamu3, Grain Trade, Agravery, Revista Chacra, Agraria, Specagro