# W7: Weekly Sunflower Oil Update

> USDA's February estimates left the global vegetable oil balance nearly unchanged for 2022/23 despite lower Argentine soybean output. Sunflower oil supplies rose 800,000 tonnes to 9.73 million, and India's sunflower oil imports more than doubled in January, led by Ukraine.

- Date: 2023-02-21 · published 2023-02-21T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/37436-w7-weekly-sunflower-oil-update
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher sunflower oil supplies and strong Indian import demand keep global vegetable oil prices balanced, limiting upside from the Argentine soybean cut.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-10-26 | [W42: Sunflower Update](https://feedsoft.ai/events/33755-w42-sunflower-update.md) | -1.7% | +7.4% |
| SBO | 2017-06-07 | [Sunflower prices down 10%](https://feedsoft.ai/events/70614-sunflower-prices-down-10.md) | +2.2% | +5.6% |
| SBO | 2019-04-02 | [Plant more sunflower acres this year](https://feedsoft.ai/events/59714-plant-more-sunflower-acres-this-year.md) | +1.1% | -3.5% |
| SBO | 2019-02-28 | [2018 Year End RIN Update - farmdoc daily](https://feedsoft.ai/events/60464-2018-year-end-rin-update-farmdoc-daily.md) | -1.0% | -3.3% |
| SBO | 2026-10-07 | [Argentina: Oilseeds and Products Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/13770-argentina-oilseeds-and-products-update-usda-foreign-agricultural-service.md) | +0.3% | +1.7% |
| PALMOIL | 2023-10-26 | [W42: Sunflower Update](https://feedsoft.ai/events/33755-w42-sunflower-update.md) | -0.1% | +6.8% |
| PALMOIL | 2023-10-15 | [Palm Oil News, Palm Oil Price, Palm Oil Updates, Palm Oil Trends, InfoSAWIT English](https://feedsoft.ai/events/33746-palm-oil-news-palm-oil-price-palm-oil-updates-palm-oil-trends-infosawit-english.md) | -0.2% | +2.8% |
| PALMOIL | 2016-12-14 | [Sustainable palm oil use in Europe](https://feedsoft.ai/events/73492-sustainable-palm-oil-use-in-europe.md) | -0.4% | -0.5% |

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w7-weekly-sunflower-oil-update

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.