This week’s update provides a detailed look at the evolving landscape of the global sunflower oil market.
- Russia is poised to become the leading exporter of sunflower oil, with forecasts indicating an increase from 4.2 million to 4.4 million tons for the 2025 season. However, domestic production faces setbacks. A shift by Don region farmers to local seed varieties has resulted in yield reductions of 20 to 30 percent. The Russian Grain Union has voiced concerns over the quality of these seeds, stressing the need for domestic breeding improvements to meet global standards.
- In Ukraine, sunflower oil exports are expected to decline from 4.7 million to 4.2 million tons due to a lower harvest, now projected at 10.5 million tons—a reduction of 1.5 million tons from earlier estimates. Oil production is also falling to 4.5 million tons. This shortfall has caused sunflower prices to rise, ranging from 28,429 to 28,500 Ukrainian hryvnia per ton. High demand and limited supply are driving intense competition among processors.
- Argentina maintains stable sunflower oil exports at 1.5 million tons, offering consistency amid broader market volatility. While not a top exporter by volume, Argentina’s reliable output plays a key role in global market stability.
- Turkey has significantly ramped up imports of Russian sunflower oil, reaching 82,600 tons in October valued at USD 108.7 million. This surge from previous years reflects deepening trade ties with Russia and reinforces Turkey’s strategic positioning in the sunflower oil market.
