Tranquility in the Spanish oil market; there will be no shortage of sunflower oil

Published 2022년 5월 16일

Tridge summary

Despite the disruption in Ukraine's sunflower oil production due to the war, leading to concerns about potential shortages, the market is currently stable with no risk of running out of the oil. This is evident from the data showing a 9.09% increase in bottled sunflower oil in Spain in March, along with an increase in the bottling of other oils like olive oil and soybeans. The price of these oils, especially refined sunflower oil and refined olive pomace, has significantly increased, but prices have started to stabilize as the market becomes more calm. The market's stability is attributed to the continued availability of sunflower oil from Ukraine and other countries, rationing of distribution, and the use of other compatible oils. However, the price situation in the first half of 2023 remains uncertain.

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

Original content

The sunflower oil market has suffered "some occasional distortion" as a result of the war in Ukraine, but the current situation is one of "absolute calm" and there is no risk of shortages, different actors in the olive sector assure Efeagro. The outbreak of the conflict The war stopped activity in the Ukrainian refineries, from where Spain receives some 500,000 tons of sunflower oil (62% of the total) and the alarm soon spread: the bottles disappeared from supermarkets and voices from the industry said that the shortage was " imminent". However, the figures of the Spanish oil producers grouped in the Anierac association indicate that, far from running out of stock, last March they bottled 25.34 million litres, which is 9.09% more than in February, which that was when the war started. "Absolute tranquility for the market. There has been some punctual distortion but it is perfectly supplied," the general director of the National Association of Industrial Packers and Refiners of ...

Source: Agrodiario