EU countries in July-March 2022/23 marketing year reduced the import of sunflower oil up to 1,3 million tons, which is almost 11% lower than the figure for the same period of the previous season. In the specified period, Ukraine delivered 1,16 million tons of sunflower oil to the markets of EU countries (-10% compared to the same indicator of the previous season) and provided about 89% of the total import of this product by EU countries (against 85% of the previous season).

One of the main reasons for the reduction in procurement volumes was the high import of sunflower seeds by EU countries, again mainly of Ukrainian origin, which contributed to an increase in the loading of European processing enterprises and an increase in the supply of sunflower oil on domestic markets of their own production.

Reference source: https://bit.ly/3mRNGGB