Global sunflower oil imports have decreased by 20% since the beginning of the season

Global sunflower oil imports in January-March 2025 decreased by 20%, most of all in the EU, China and India. This is due to the decrease in the competitiveness of sunflower oil and the increase in price premiums compared to soybean and rapeseed oil. This is reported by the German analytical agency Oil World.

According to forecasts by German experts, global consumption of sunflower oil is decreasing and will amount to 22.1 million tons in the current season against a record 23.6 million tons in the previous season. The largest reduction in consumption is expected in the EU, China, Iran, India and Turkey. At the same time, the decrease in exports from the Black Sea region is partially offset by the increase in supplies from Argentina, which increased by 18% to 539 thousand tons. tons in October-March 2024/25 marketing year, and Kazakhstan, which almost doubled its exports to a record 336 thousand tons. In contrast, Ukraine reduced exports by 1 million tons in the first half of the season, and vegetable oil exports from Russia have decreased by 18% since the beginning of the year, in particular sunflower oil – by 23% to 1.44 million tons.

In general, in October-March 2024/25 marketing year, sunflower oil shipments fell to 7.2 million tons compared to 8.3 million tons a year earlier. Analysts predict that the next 3-4 months will be critical for the formation of prices for sunflower oil due to limited stocks of the previous season’s harvest and the expected increase in production in the next 2025/26 season. According to forecasts, sunflower oil exports in April-September 2025 may amount to only 6.4 million tons compared to 7.8 million tons for the same period last year.

Tags: Ukraine, sunflower oil, export, India