sunflower oil refineries in argentina in lagos

                                               
                                               
                                               
                                               
                                               
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  • Can Argentina become a competitive sunflower oil supplier?
  • Argentina¡¯s Sunflower Oil production has great potential for high-value exports, so the country has increased its harvested area for MY 2022/2023, raising the question of whether Argentina can become a competitive Sunseed Oil supplier against Russia and Ukraine, the leading Sunflower Oil exporters. Sunflower Oil Supply was very tight in 2022.
  • Why is sunflower oil so popular in Argentina?
  • This is due to the fact that a high level of stocks remained available for processing during the current year because of the low volume industrialized during the previous crop. Argentina is a major player in the world market of sunflower oil, positioning itself as the 4th biggest producer and the 4th main exporter.
  • Why is sunflower oil so expensive in Argentina?
  • Much like Soybean, Argentina¡¯s production of Sunflower Oil and Meal represents 92% of Sunseeds, as it has more value added. In 2021, inflation peaked in Argentina and reached its highest rates, resulting in higher food prices, including Sunflower Oil. This led Sunflower Oil FOB prices to reach USD 1843/mt.
  • Why did Iran stop importing sunflower oil from Argentina?
  • Meanwhile, Iran completely stopped Sunflower Oil imports from Argentina in Oct 2021 following the political tensions in Aug 2021. India increased imports from Argentina in 2022 as Russia raised restrictions on Sunflower exports after the war in Ukraine began in Mar 2022. As a result, Argentina has made up for export losses to Iran.
  • How much sunflower oil does Argentina export?
  • In 2019 Argentina shipped 847,672 tonnes of sunflower oil. Across 2019 alone, the market for Argentina sunflower oil (processed category) has climbed, changing by 47.571 percent compared to the year 2018. Between 2017 and 2019, sunflower oil's exports grew by 35.39% bringing Argentina US$580.24m for the year 2019.
  • Which country exports the most sunflower oil in the world?
  • Argentina is a major player in the world market of sunflower oil, positioning itself as the 4th biggest producer and the 4th main exporter. Besides, for crop season 2020/21, its share in the world trade might be increased, representing 5.4% of total exports, above the 4.2% reached on crop season 2019/20.