COVID-19 pandemic has not hurt HO sunflower oil market – FAT & Associés

Source

APK-Inform

4256

Segment of HO sunflower oil has not felt notable impact of COVID-19 pandemic last season, declared Fabrice Turon, Senior Expert Oilseeds, Oils & Fats of FAT & ASSOCIES within the online conference Fat&Oil Industry-2021 organized by APK-Inform on November 3.

“In 2020, the EU increased production of HO sunflower oil by 25% y/y, while the CIS countries cut the output by 18% y/y on low HO sunflower yield in Ukraine, despite the extension of planted areas non attractive price”, - the expert added.

He noted the growth of the demand for HO sunflower oil from APAC countries amid stronger domestic consumption.

“The demand for Black Sea HO sunflower oil was higher compared to the demand for Argentinian product, particularly from China. The EU traditionally preferred Ukrainian HO sunflower oil”, - F. Turon added.
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