According to experts Fediol, in recent weeks in EU countries there has been an increase in offers of sunflower oil, as manufacturers have adjusted to the deficit of the Ukrainian product, as well as the growth of its deliveries by rail and truck, reports Nasdaq.
It is also noted that Ukraine is the main supplier of sunflower oil to the EU, but Russia's invasion of Ukraine has resulted in consumer panic buying of the product, which has led to a reduction in oil supply.
It should be noted that according to European Commission experts, since the beginning of the current season (July 1 - May 1), 1,65 million tons of sunflower oil (1,5 million tons last season) have been delivered to EU countries, so from Ukraine – 1,38 million tons.
Recall that the export of sunflower oil from Ukraine through western crossings may close the need of EU countries until the end of the season.