- Global sunflower oil prices remained firm in Q2’26 as tight Black Sea supply and limited availability supported the market despite weaker competing vegetable oils.
- Feedstock conditions were affected by lower sunflower seed availability, higher crushing costs and reduced export availability from major producing regions.
- Downstream demand remained mixed, with substitution toward cheaper edible oils limiting purchases in some Asian markets.
Asia
Sunflower Oil prices in China remained at ~RMB 36/kg in April and May 2026. Imported sunflower oil markets stayed firm due to tighter Black Sea supply, but higher prices encouraged buyers to shift toward alternative vegetable oils. China imported 500,000 MT of edible vegetable oils in May, while lower-cost palm and soybean oils increased substitution pressure on sunflower oil. Palm oil imports during January–May increased significantly, improving availability of competing oils. In India, sunflower oil imports declined 32.3% month-on-month to 294,000 MT in May as refiners increased soybean oil purchases, which rose 38% during the month. Lower relative competitiveness of sunflower oil limited demand growth despite firm international supply conditions.
Europe
European markets remained supported by lower Black Sea availability and limited sunflower seed supply. Ukraine’s reduced sunflower crop increased competition among crushers, raising raw material costs and supporting sunflower oil values. Ukraine’s sunflower oil exports for MY 2025/26 were estimated at approximately 4.5 million MT, down 5%, limiting regional availability. EU sunflower seed stocks remained tight, but expectations of improved new-season production reduced aggressive buying toward the end of the quarter. Weather risks from dry conditions and heat stress continued to limit downside potential.
North America
Sunflower Oil prices in the United States averaged ~USD 5,393.22/MT during the first two months of Q2’26. The market was influenced by higher sunflower seed costs, with high-oleic sunflower seed bids increasing during the quarter. Crusher costs remained supported by demand for higher oil-content seeds used in premium sunflower oil production. However, expectations of increased sunflower acreage and higher production limited stronger price gains. Growing supply expectations balanced the impact of firm seed prices and kept the market relatively stable.