• Description

Description

Sunflower Oil Price fluctuated in North America during the fourth quarter of 2022 due to erratic market sentiment and shifting market dynamics from the downstream industries. Due to a drop in local merchants' demand in the first half of Q4, the price of Sunflower Oil fell. This caused the price of Sunflower Oil in the local market to fall. The consumer demand for Sunflower Oil has substantially reduced. Additionally, Canada had been the main import market for US Sunflower oil, but the commodity price fell dramatically due to a decline in Canadian demand. The price continued to rise in the second half of Q4 2022 as a result of increasing inflation and a disrupted supply from European nations. The commodity's price increased due to the product's steady decline in the quarter's earlier months, which reduced the amount of inventory. Prices declined during the final month of the quarter due to sufficient inventory held by the merchants. The price of Sunflower oil for FOB Houston (USA) in December 2022 was reported to be USD 1321.2/MT around the conclusion of Q4 2022.

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