News

Supply alert in sunflower oil

Refined Sunflower Oil
Turkiye
Published Sep 9, 2020

Tridge summary

WORLD - ANKARA Vegetable Oil Industrialists Association (BYSD) Chairman Tahir Büyükhelvacıgil warned that the decrease in the yield might cause a shortage of supply and stated that the stock of crude oil and oil seeds should be made. Büyükhelvacıgil pointed out that there has been no shortage in supply due to transfer stocks so far, and noted that if countries from which raw materials are purchased cite their own needs, there will be problems if they cut exports.

Original content

Büyükhelvacıgil said that the shortage of stocks was reflected in the price of the consumer. Making a written statement, Büyükhelvacıgil stated that the harvest period for sunflower is still continuing and that the low yield creates fluctuations in purchase prices that cannot be met normally. Referring to the fact that if a solution is not found, the impact on shelf prices may become inevitable, Büyükhelvacıgil noted that the measures taken by the Ministry of Agriculture and Forestry and the Ministry of Trade in the first days of the pandemic were successful. Low stock increases the price Tahir Büyükhelvacıgil, who touched on the need for the same holistic approach during the harvest season, said, “We have been meeting our oilseed needs, which are lacking from domestic production, from Russia, Ukraine and the Black Sea Basin for many years. Problems in these countries also affect our industry closely. For example, we see that the stocks in Ukraine are decreasing due to the ...
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