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Turkey introduced reference prices of $1,350/t for sunflower oil and $700/t for sunflower seed, effective September 18. Experts expect import duties to rise to about 35% for oil and 56% for seed.
Higher Turkish import duties reduce demand for imported sunflower oil and seed, which weighs on export prices and the broader sunflower complex.
ukragroconsult.comSep 19, 2023After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
