Can Argentina become a competitive sunflower oil supplier?
Argentina¡¯s Sunflower Oil production has great potential for high-value exports, so the country has increased its harvested area for MY 2022/2023, raising the question of whether Argentina can become a competitive Sunseed Oil supplier against Russia and Ukraine, the leading Sunflower Oil exporters. Sunflower Oil Supply was very tight in 2022.
Will sunflower oil revive the sunflower oil industry in Argentina?
In Argentina, sunflowers are sown from north to south, as soil temperatures increase. Though Palm Oil holds the larger market share in Europe which is experiencing weak demand due to the poor standard of production, could revive the Sunflower Oil industry in Argentina in the near future.
Why is sunflower oil so expensive in Argentina?
Much like Soybean, Argentina¡¯s production of Sunflower Oil and Meal represents 92% of Sunseeds, as it has more value added. In 2021, inflation peaked in Argentina and reached its highest rates, resulting in higher food prices, including Sunflower Oil. This led Sunflower Oil FOB prices to reach USD 1843/mt.
What is the most popular oil brand in Argentina?
Sojola, Natura, Copisi and others are few popular edible oil brands of the company. Molinos Río de la Plata is Argentina’s largest branded food products company. The company is a large exporter of sunflower processed oil and is one of Argentina’s main exporters of bottled oil.
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