Exploring the Historical Crude Sunflower Oil Price Trends and Patterns

In the first half of 2023, prices of crude sunflower oil stayed low due to surplus production from exporting countries and limited demand from the food and cooking sectors. Intense competition with various oil types led to consumer fragmentation and subdued market sentiment. The absence of cost backing, coupled with market dynamics, resulted in volatile and consistently low-price trends for Crude Sunflower Oil.

Request for Real-Time Crude Sunflower Oil Prices: https://www.procurementresource.com/resource-center/crude-sunflower-oil-price-trends/pricerequest

Definition

Crude Sunflower Oil is the unprocessed, untreated form of oil extracted from sunflower seeds. It's the initial extraction stage before any refining or alterations. This raw oil retains the natural characteristics and impurities of sunflower seeds. It's commonly used in various industrial processes, including cooking and food production.

Key Details About the Crude Sunflower Oil Price Trends:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Crude Sunflower Oil 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 Crude Sunflower Oil Price Trends, including India Crude Sunflower Oil price, USA Crude Sunflower Oil prices, 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.

Industrial Uses Impacting the Crude Sunflower Oil Price Trends:

Crude Sunflower Oil serves essential roles across industries as a versatile ingredient. Primarily, it's refined to produce refined sunflower oil for cooking and food processing due to its high smoke point and neutral flavour. Additionally, it's utilized in cosmetics, pharmaceuticals, and biodiesel production, making it a valuable resource in diverse sectors.

Key Players:

• EFKO Group
• ASTON JSC
• Cargill Incorporated
• Optimus Agro
• Bunge Limited
• Adams Group

News and recent developments:

The Indian government has reduced import duties on refined soybean oil and refined sunflower oil to 12.5% from 17.5%, while maintaining a 5% import duty on all crude oils, including sunflower oil. This aims to control edible oil prices. The move may impact sentiment but isn't seen as commercially viable for refined soybean oil or sunflower oil shipments. Soft oil imports decreased while palm oil imports increased. Despite recent changes, India's reliance on imports remains significant, with 60% of its 24 million metric tons annual consumption of vegetable oil being imported, consisting of 75% crude oil and 25% refined oil.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Chris Byrd
Email: [email protected]
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA