Procurement Resource Evaluates the Price Trends of Crude Sunflower Oil in its Latest Insights and Dashboard
Price Trends of Crude Sunflower Oil in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Crude 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 pricing database and analysis of the Crude Sunflower Oil can prove valuable for the 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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Product Description:
Humans eat raw sunflower oil for sustenance. In terms of human nutrition, physiology, and psychology, crude oil derived from plants is vital and necessary. It is very advantageous since it is full of important fatty acids and vitamins that may be absorbed through fat.
Regions Covered to Evaluate Crude Sunflower Oil Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Crude Sunflower Oil Price Trend:
Major Industrial Uses of sunflower oil include Cooking Oil, Medicines and Cosmetics, With the rise in global package food industry oil consumption is also expected to grow. Wherever consumer shift from refined oil to more natural products is further expected to boost the market of crude sunflower oil.
Key Market Players:
- Kernel
- EFKO Group
- ASTON JSC
- Cargill Incorporated
- Optimus Agro
- Bunge Limited
- Adams Group
News and Events:
Typically, more than 90% of India’s imports of sunflower oil from the Asian market come from Ukraine and Russia, especially Ukraine. India increased its purchase of sunflower oil from 152,220 MT in February to 210,000 MT in March, thanks in part to the arrival of a few ships that had left Ukraine prior to the conflict. When Ukrainian supply of sunflower oil stopped, Indian refiners tried to get more from Russia and Argentina. Following the stoppage of supplies from rival Ukraine, India bargained for 45k MT of sunflower oil from Russia at a record-breaking price, driving up the price of edible oil on the local market. In India, refiners bought crude sunflower oil for a record-breaking 2,150 USD/MT (CIF), up from 1,630 USD/MT before Russia’s invasion of Ukraine.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing 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 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 track 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.
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