The European Union is increasing the export of sunflower oil and meal

Published Sep 28, 2022

Tridge summary

Recent data from OilWorld reveals a substantial surge in sunflower seed purchases by EU countries, particularly Germany, with a dramatic increase from 28 thousand tons in June-July of the previous year to nearly 700 thousand tons this year. The majority of these seeds were sourced from Ukraine. As a result, EU countries have experienced a significant boost in the export of processed sunflower products, with Bulgaria and Romania being the main importers. This surge has also led to a noticeable uptick in the export of sunflower meal, with Bulgaria increasing its exports by 179 thousand tons, primarily to China. Overall, from June to July, 247 thousand tons of sunflower meal were exported, with China being the dominant market, receiving over half of this volume.

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

Original content

The increase in purchases of sunflower seeds to the EU countries contributed to the rapid intensification of exports of processed products in recent months. This is reported by specialists from the Hamburg analytical agency OilWorld (Germany) in their report. Thus, in June-July, the EU countries purchased almost 700 thousand tons of sunflower against 28 thousand tons in the same period last year: in particular, most of the raw materials were imported from Ukraine - 604 thousand tons. Most of the seeds, in turn, were purchased by Bulgaria and Romania - 392 thousand tons and 127 thousand tons, respectively. “Thanks to this, some countries have significantly increased the export of sunflower meal. In particular, Bulgaria increased the shipment of the product to 179 thousand tons, which was exported mainly to ...

Source: Oilbranch