How did the North American sunflower oil market react to global depreciation?
The North American Sunflower Oil market too followed the global depreciating price trendss. Prices continued to decline throughout both quarters. As the freight got cheaper and the crude oil prices stabilized, upstream refining costs declined continuously, adding to the overall cost pressure.
How much does sunflower oil cost in India?
As a result of the continuing Russia-Ukraine conflict, branded sunflower oil prices reached an all-time high in India, costing about 3,000 INR/15-liter can. In March 2022, the price per litre was in the range of 170-190 INR, compared to 140-150 INR three months earlier. Over 70% of India’s sunflower oil comes from Russia and Ukraine.
Why did the sunflower oil market rise in the third quarter 2023?
The sunflower oil market experienced a consistent rise throughout the third quarter of the year 2023. The primary reason behind this increase was the supply curtailments that the Sunflower Oil markets were experiencing.
What is cold pressed sunflower oil used for?
Cold pressed sunflower oil, which is so far the most represented in some markets, except for salad oil, can also be used in daily culinary processing of food such as cooking, stewing, baking, salads, sauces, spreads, etc. The cold pressed oils are very important for the blending process.
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