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Sunflower Oil Price Chart, Historical and Forecast Analysis | Procurement Resource

During the initial half of 2023, Sunflower Oil prices in Asian markets saw a consistent downturn. This decline was spurred by an oversupply situation, notably amplified by increased market access for Ukrainian oil following the Black Sea agreement. Despite a steady demand, market sentiments were adversely impacted. Parallel trends were observed in European and North American markets, where prices similarly dwindled due to abundant supplies and growing inventories. The combination of more affordable exports to Asia and reduced refining expenses further intensified the overall downward pressure on prices. Throughout this timeframe, Sunflower Oil prices in these regions continued on a persistent downward trend joinpd.

Definition

Sunflower oil is a type of vegetable oil extracted from sunflower seeds. It is commonly used in cooking and food preparation due to its mild flavor and high smoke point. The oil is rich in unsaturated fats, particularly linoleic acid, and is known for its health benefits, such as promoting heart health and lowering cholesterol levels.

Key Details About the Sunflower Oil Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Sunflower Oil in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Sunflower Oil Prices, including India Sunflower Oil price, USA Sunflower Oil price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting the Sunflower Oil Price Trend:

Price-Trend

Sunflower oil plays a pivotal role in various industries. Its primary industrial uses include cooking, frying, and baking due to its high smoke point and neutral flavor, making it a versatile ingredient. Additionally, it serves as a key component in the production of margarine, salad dressings, and various cosmetic items such as soaps and lotions due to its skin-friendly properties.

Beyond these applications, sunflower oil also finds relevance in the pharmaceutical industry. It’s utilized in the formulation of certain medications and dietary supplements due to its potential health benefits and nutritional value, adding to its diverse range of uses across different sectors the demon prince goes to the academy chapter 2.

Key Players:

  • EFKO Group
  • ASTON JSC
  • Cargill Incorporated
  • Optimus Agro
  • Adams Group

News and recent developments:

India’s sunflower oil imports are expected to decrease in the coming months due to rising prices after Russia withdrew from the Black Sea grain deal. This move would make sunflower oil less competitive against rival oils, leading India to increase purchases of palm oil and soyoil. The expiration of the Black Sea export deal could result in a 30% drop in sunflower oil shipments to India, causing imports to fall to around 200,000 tons from August, compared to the typical 250,000 tons per month. Ukraine traditionally accounted for a significant portion of India’s sunflower oil imports, but Russia became the largest supplier in the previous marketing year.

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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