According to the European Commission, in July-March 2022/23, the Member States of the European Union reduced the import of sunflower oil to 1.3 mln tonnes which is down by almost 11% year-on-year.
In the reporting period, Ukraine delivered 1.16 mln tonnes of the product to the markets of the EU countries (-10% year over year) and accounted for about 89% of the total sunflower oil import by the EU countries (85% last season).
The high import of sunflower seeds (mainly of Ukrainian origin) by EU countries was one of the main reasons for the reduction in purchase volumes, 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.
It is worth noting that during the same period (July-March), the export of sunflower oil from the European Union doubled y-o-y, amounting to more than 870 thousand tonnes.