Big discount is coming to sunflower oil prices in Turkey

Published 2022년 6월 30일

Tridge summary

The international market has seen a significant drop in crude sunflower oil prices by 30%, from $2150 to $1500 per ton, due to decreased demand. This price drop is expected to be mirrored in domestic markets, potentially leading to lower shelf prices for consumers. Factors such as increased production capacity, reduced demand, and an export ban by Turkey have contributed to the price decline. Turkey's import manager, Muzaffer Yıldırım, predicts a 15% price decrease in the domestic market, with expectations of increased production in Edirne. However, the industry is currently facing a slowdown due to a decrease in new orders.

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

Original content

After rising to 2 thousand 150 dollars per ton of crude sunflower oil in the international market, there has been a rapid decline in prices recently due to the lack of demand. In the last 20 days, crude sunflower oil in the international market decreased by 30 percent to 1500 dollars. With the imports made at new prices, a decrease is expected in shelf prices in the domestic market. According to the news in the world, crude sunflower oil prices, which increased with the effect of the pandemic and then the Russia-Ukraine war, started to decline. The price of crude sunflower oil, which rose to $ 2150 with the pandemic, which was $ 800 a ton in the international market, has entered a serious downward trend in recent weeks. In the international market, the ton decreased from $ 2150 to $ 1500. Noting that the prices in the international market decreased by 30 percent, the representatives of the sector noted that they expect the decrease in the price of sunflower oil to be reflected on ...

Source: Haber7