Will the price of crude sunflower oil remain weak in the global market?
According to Procurement Resource, it is anticipated that the price of crude sunflower oil will remain weak in the global market. The likelihood of significant volatility is low, though, and prices will generally hold steady. For the Second Quarter of 2022 Asia
Why did India buy 45k Mt of sunflower oil from Russia?
India negotiated for 45k MT of Sunflower oil from Russia at a record high price, as edible oil prices in the domestic market soared following the suspension of supply from competitor Ukraine. Refiners purchased crude sunflower oil in India for a record high price of 2,150 USD/MT (CIF), compared to 1,630 USD/MT prior to Russia’s invasion of Ukraine.
Why did sunflower oil price decline?
Large quantities offered for sale with lower-than-expected consumer demand led to the price decline. Crude sunflower oil per ton prices averaged 1900-2280 USD in the European markets. North America In line with its European counterparts, the price trend in the US observed a similar pattern in the US domestic market.
What is the price of refined sunflower oil?
The price of refined sunflower oil in the United States was 1493 USD/MT. Many international firms attempted to establish connections with local producers in order to meet regional demand. Furthermore, its use in biodiesel production has aided the sunflower seed oil market’s expansion. For First, Second and Third Quarters of 2021 Asia