Greece says it can boost sunflower oil production, if needed

Published 2022년 3월 30일

Tridge summary

Greece's agriculture ministry is considering a change in strategy to increase sunflower oil production in response to rising prices and record inflation, which is currently at 7.2%, a 25-year high. The ministry is contemplating shifting production from biofuels to household consumption. The country also depends heavily on imports of soft wheat from Ukraine and Russia, accounting for about 30% of its total imports. The government is also asking suppliers to declare their stockpiles of various products due to consumer hoarding following the war in Ukraine.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Greece’s agriculture ministry said that sunflower oil production could be increased if needed by producing more for household consumption rather than for biofuels as rising prices add to record inflation. So far, Greece has no food product shortages, the ministry said in a statement following a ministerial meeting chaired by the prime minister. Greece imports sunflower oil from Ukraine. It estimates its imports of soft wheat from Ukraine and Russia at roughly 250,000 tonnes, about 30% of its total wheat imports. “The agriculture minister noted that there is always a possibility of increasing domestic production, while improving the distribution between biofuel use and domestic use can further help increase the quantities available for consumption,” the ministry said, without providing further details. The government has asked suppliers, such as supermarkets and other food retailers, to declare stockpiles of products including flour, grains, fertilisers, animal food, sunflower and ...

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