Sunflower oil is one of the most prevalent edible oils and is produced by the mechanical pressing of sunflower seeds. This oil is primarily utilised for cooking, shortening, and making salad dressing and margarine. To attain the required kinds of sunflowers, plant breeding methods are applied with an emphasis on the contents of oleic and linoleic acids. Sunflower oil offers various health benefits because of the low content of saturated fats, high levels of PUFAs and monounsaturated fatty acids, and vitamin E. The oil has excellent oxidative steadiness, and the high-oleic content makes it appropriate for industrial frying.
The world’s leading sunflower oil producer in Ukraine, followed by Russian Federation and Argentina.
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Key Details About the Sunflower Oil Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Sunflower Oil price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Sunflower Oil price trend, including India Sunflower Oil price, USA SUNFLOWER OIL price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
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Industrial Uses Impacting Sunflower Oil Price Trend:
Sunflower oil with high-oleic content, comprising 80 percent or higher oleic acid and very less linoleic acid, is one of the steadiest oils for all kinds of applications, such as industrial and institutional frying for industrial non-food end-uses such as lubricants, transformer oils, and so on. In addition, refined sunflower oil is utilised as cooking or deep-frying oil at low and high temperatures. Moreover, it is used in preparing various types of food making and snack food items such as potato chips and other vegetable chips. Besides, refined sunflower oil is also transformed into other kinds, including hydrogenated fats and formulated in margarine, fat spreads and shortenings. Furthermore, sunflower oil is also advised for its use in skin creams and lotions.
Key Players:
- Kernel
- EFKO Group
- ASTON JSC
- Cargill Incorporated
- Optimus Agro
- Bunge Limited
- Adams Group
News & Recent Development:
- March 15, 2023: Nearly all of Ukarine’s sunflower seed oil exports continue to be restrained by the war; however, the manufacturers are transporting the raw seeds instead, which is supporting steadying the worldwide market for cooking oil. According to the Black Sea Agricultural data, Ukraine exported 337,000 tonnes of sunflower seed oil in January 2023, a considerable decline from the 611,000 tonnes exported in January 2022 before the war. In the initial days of the Russian conquest, sunflower seed oil and other cooking oil prices were increased owing to the dip in shipments from Ukraine, the second-biggest producer worldwide behind Russia. Hence, consumers were pushed to find substitutes.
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Reference Link – https://researz.com/sunflower-oil-price-forecasts/