Sunflower Oil Prices in the United States:

In the last quarter of 2024, sunflower oil prices in the United States reached 959 USD/MT in Q2, reflecting a significant rise influenced by multiple factors. Persistent supply chain disruptions played a critical role, limiting the availability of sunflower oil and contributing to increased prices. Additionally, the costs of essential inputs, including raw materials and production, surged, further pushing up the overall price. Heightened demand in the market, potentially driven by consumer trends or global needs, added to the pressure on supply and pricing.

Moreover, warmer spring temperatures presented challenges in storage, as maintaining product quality required additional cooling measures, leading to higher expenses. These environmental factors compounded the cost burden. Finally, broader market dynamics within the edible oils sector, including global trade fluctuations and competing commodities, kept the upward trajectory of sunflower oil prices steady. Together, these economic, logistical, and environmental elements created a perfect storm that drove prices to their peak during the quarter.

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APAC Sunflower Oil Prices Movement Last Quarter:

Sunflower Oil Prices in China:

In the last quarter of 2024, sunflower oil prices in China surged to 1032 USD/MT in Q2, driven by a combination of economic and market dynamics. Robust demand from the food processing and biodiesel industries created intense pressure on existing supplies, amplifying the supply-demand gap. Additionally, the depreciation of the Yuan against the US Dollar elevated import costs, further inflating domestic prices. The limited availability of sunflower oil, exacerbated by seasonal production challenges, intensified the situation, pushing prices even higher. These factors collectively led to a significant price hike, reflecting both local and global market influences.

Europe Sunflower Oil Prices Movement Last Quarter:

Sunflower Oil Prices in Ukraine:

In the last quarter of 2024, sunflower oil prices in Ukraine soared to 944 USD/MT in Q2, driven by a series of adverse factors. Severe supply chain disruptions hampered the efficient movement of goods, creating bottlenecks in distribution and escalating costs. Simultaneously, unfavorable climate conditions significantly reduced crop output, limiting the availability of raw materials needed for oil production. The ongoing conflict in the region further exacerbated the situation by destabilizing key agricultural and industrial operations, intensifying supply shortages. These combined challenges strained the industry, resulting in a sharp rise in procurement and market prices for sunflower oil.

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