Turkey will increase imports of sunflower oil

It is predicted that Turkey will increase the import of sunflower oil, which in the second half of the current season (April-September) will exceed last year's figure, taking into account the reduction of stocks during the last 5-6 months, reports IA "APK-Inform" with reference to Oil World company experts. In October-December 2023/24 MR, the volume of sunflower oil imports to Turkey amounted to 228.8 thousand tons (against 224.1 thousand tons in the corresponding period of the previous season), of which 173.1 thousand tons were imported from Ukraine, 39 7 thousand tons from Russia and 13.2 thousand tons from Serbia. Turkey's total sunflower oil imports in FY 2023/24 are forecast to slightly decrease to 1.18 million tons compared to 1.26 million tons in FY 2022/23. At the same time, domestic oil consumption in Turkey in the current FY will significantly increase to 1.44 (1.31) million tons, as production is expected to decrease to 810 (940) thousand tons and exports to 660 (709) ...