Sunflower Oil Supplies Improve As EU Market Adapts To War In Ukraine

The market for sunflower oil has improved in the European Union over the past weeks as producers have adapted to the shortfall in Ukrainian supplies and some supplies have arrived by rail and truck, EU vegetable oil group FEDIOL has said.

Ukraine is by far the EU’s largest supplier of sunflower oil. War in the country that started late February created panic buying, leading to shortfalls across the whole supply chain up to the final consumer, and sending prices rocketing.

Biodiesel producers have lowered the use of sunflower in their fuel, while food makers have changed their formulas to include other vegetable oils, such as rapeseed oil.

ESM