Since the beginning of 2022/23 MY, the EU has exported a record volume of sunflower oil

Published 2023년 8월 22일

Tridge summary

In the October-June period of 2022/23 MY, EU countries exported a record-breaking 963 thousand tons of sunflower oil, an increase of 369 thousand tons compared to the previous year. The main consumers of this product were Iraq, India, Morocco, and South Africa. The EU also saw a significant increase in the export of rapeseed oil, reaching 562 thousand tons, with China, Norway, and Pakistan being the main destinations. However, the export of soybean oil slightly decreased to 689 thousand tons, with shipments mainly going to Morocco, other African countries, and the UK.

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

Original content

According to Oil World (Germany), in October-June 2022/23 MY, EU countries supplied up to 963 thousand tons of sunflower oil to foreign markets, which is 369 thousand tons more than the result of the corresponding period of 2021/22 MY and is a record figure. Including over the past three months (April-June of this year), 318 thousand tons of the product were shipped out of the indicated volume, the main consumers of which were Iraq (104 thousand tons), India (28 thousand tons), Morocco (31 thousand tons) and South Africa (26 thousand tons). Most of the sunflower pastel was shipped from Bulgaria and Romania. In addition, since the beginning of 2022/23 MY, the EU has sharply increased the export of rapeseed oil - up to 562 thousand tons (in October-June 2021/22 MY - 249 thousand tons), of which 151 thousand tons were sent to China, 177 thousand tons - to Norway and 12 thousand ...

Source: Oilworld