Category: Sunflower oil

Tax Cut: China reduced import VAT on refined sunflower oil from 13% to 9%, immediately lowering landed costs. New Tariff Line: A dedicated 10-digit code (1512190010) now covers refined sunflower oil under the revised system. Wider Scope: The new classification covers 16 agricultural oils, including refined/unrefined sunflower oil and refined rapeseed oil. Export Boost: The…

Bullish: Tightening Russian sunflower oil export availability and a 25.8% year-on-year price jump in South Korean imports signal firming global values. Bearish: Russia’s 36% export decline to South Korea and loss of share to Argentina and India highlight competitive pressure in key Asian markets. Bullish: A 27% drop in Russian sunflower oil exports in the…

Policy tension: Kazakhstan’s competition agency urges cutting the 20% sunflower seed export duty, saying it harms farmers, while processors warn of domestic price spikes. Domestic prices at risk: Processors project retail sunflower oil could jump to 1,200–1,300 tenge/liter if the duty is reduced, versus current 786–814 tenge/liter. Capacity expansion: Refining capacity is set to rise…

Bearish: Chinese vegetable oil prices fell across all major categories by mid-February, led by a 4% drop in rapeseed oil and a 3.55% decline in palm oil. Neutral: The soybean complex showed relative resilience, with soybean prices steady despite a 2.5% fall in soybean oil and a marginal 0.44% decline in soybean meal. Bearish: Pre-Spring…

Ukraine retains a dominant 92% share of EU sunflower oil imports despite a 21% year-on-year drop in shipped volumes. Total EU sunflower oil imports fell 19% to 1.04 million tonnes, tightening regional vegetable oil availability. Ukraine’s reduced sunflower harvest (down to 10.5 million tonnes from 13 million tonnes) constrains processing and export capacity into mid-2026.…

Sunflower oil exports surge: Argentina doubled sunflower oil exports to around 100,000 tonnes in January year-on-year, supported by rising processing capacity. Soybean products weaken: Soybean oil exports declined to 460,000-480,000 tonnes, down from 562,000 tonnes in December and 502,000 tonnes a year earlier. Meal and seed exports grow: Sunflower meal shipments increased to 150,000-160,000 tonnes,…

Prices Surge: Ukrainian refined sunflower oil prices have risen by USD 85/MT since the start of the 2025/26 season. Supply Tightness: Smaller-than-expected sunflower harvest and higher input costs are tightening market fundamentals. Strong Demand: Robust export interest and alignment with global vegetable oil trends are keeping the market bullish. Ukrainian Refined Sunflower Oil Market Update…

Bearish for Black Sea sunflower oil: India’s sunflower oil imports are forecast to drop 10% to 2.65 million tonnes in 2025/26, the lowest in four years, as buyers switch to cheaper palm oil. Bullish for palm oil: A wide price discount of over $333/t versus sunflower oil is driving a strong substitution effect, with January…

Key Takeaways Output Drop: Ukrainian sunflower oil production is forecast at 4 million tons, well below pre-war levels of 5–6 million tons. Smaller Seed Harvest: Sunflower seed output has fallen to about 10 million tons from around 16 million tons before the conflict. Tighter Exports: Limited export availability is expected to support sunflower oil prices…

Operational milestone: Kernel’s Poltava plant now produces all bottled sunflower oil using energy generated exclusively from sunflower husks. Verified sustainability: Bureau Veritas certified the facility’s 100% renewable energy operations in 2025, with the label now displayed on “Shchedryi Dar” and “Stozhar” brands. Solid production base: First-half FY2026 bottled sunflower oil output reached about 40,000 tons…