Refined Sunflower Oil Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Refined Sunflower Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Refined Sunflower Oil Price Trend for the Second Half of 2023

In the last quarters of 2023, India witnessed a significant decline in the import of edible oils, including palm, soybean, and sunflower, amounting to 3.64 million tonnes, marking a 23% drop compared to the previous year. This decline was attributed to various factors, such as lower output prospects, global economic challenges, and supply constraints.

Refined Sunflower Oil Price Chart

Refined Sunflower Oil Price Trends


Please Login or Subscribe to Access the Refined Sunflower Oil Price Chart Data
 

The Solvent Extractors’ Association of India highlighted concerns regarding the potential price increase of edible oils, particularly refined sunflower oil, due to reduced availability, with major producers like Malaysia and Indonesia diverting edible oil for biodiesel production.

Despite lower import tariffs in the previous oil year, India remains heavily reliant on imports, with refined sunflower oil sourced primarily from Russia and Ukraine. The extension of lower import duty structures until March 2025 raised concerns within the industry, potentially impacting processing, and domestic oilseed prices adversely. Despite declining global prices, retail inflation in the cooking oil category, including refined sunflower oil, remained in the negative zone, highlighting the oscillating dynamics influencing India's edible oil market.

Analyst Insight

According to Procurement Resource, the price of Refined Sunflower Oil is estimated to nosedive in the forthcoming quarters as the reduction in import duty in India and rising reliance on imports will restrict the upward movement of refined sunflower oil prices.

Refined Sunflower Oil Price Trend for the First Half of 2023

Refined Sunflower Oil is a more processed form of sunflower oil with some extra filtration steps in the upstream processing. It is primarily used as an edible oil. The prices still closely follow the Sunflower oil prices.

For H1 2023, the sunflower-producing regions enjoyed good production yields, but this also meant an excess in supplies for refineries. The ample availability of sunflower crops eventually decreased the upstream cost support.

The other determining factors for Refined Sunflower Oil prices are the operational costs for refineries, transportation costs, energy prices, etc. Undoubtedly global economic inflation impacted these parameters in a detrimental manner, but situations still improved compared to the previous year’s disruptions. The energy and crude oil prices started normalizing as the supply chains were restored, freight prices also subsided, and more refineries were operational since the Chinese industrial lockdown got lifted.

All these factors decreased the upstream costs for Refined Sunflower Oil, impacting the market prices negatively. Even though the demand from the consuming sector maintained its momentum, prices fluctuated on the lower end of the price curve because of low upstream costs and ample availability.

Analyst insight

According to Procurement Resource, the price trend for Refined Sunflower Oil are expected to continue fluctuating on the lower end of the price curve since the inventories are still oversupplied and can easily cater to the current demands.

Procurement Resource provides latest prices of Refined Sunflower Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Platform Sample

Please Login or Subscribe to explore our dashboard.

About

Refined Sunflower Oil is a non–volatile oil extracted from the seeds of the sunflower plant. It is commonly used as a Frying Oil in food and as an Emollient in cosmetic formulations. It is a Monounsaturated/Polyunsaturated oil mixture primarily composed of Oleic Acid (Omega–9 fatty acid) and Linoleic Acid (Omega–6 fatty acid). The oil content of the seed ranges between 22% and 36%.

Product Details

Report Features Details
Product Name Refined Sunflower Oil
Industrial Uses Cooking
Supplier Database Abrilsol, ARCE Company Limited, Benvolio
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes 
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Refined Sunflower Oil from Sunflower Seeds

Sunflower seeds are first picked and washed to remove contaminants, and then de-husked and pulverised. After flaking and steaming the embryo in the frying pan, the fried product is pre-squeezed from the oil and the leftover oil is extracted using solvent leaching; the crude oil is then purified via precipitation and filtration. Finally, the oil is dissolved into the refined oil, degummed, decolorized, deacidified, and deodorised.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Table Of Contents

Our Clients

client-image

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.