# Black Sea region: competition for the buyer in the sun oil market will continue in the new season 27.10.2021 - UkrAgroConsult

> Ukraine and Russia remain the largest sunflower oil exporters, with Ukraine dropping export restrictions while Russia keeps a floating export duty. UkrAgroConsult expects 2021/22 sunflower oil exports to rise 32% for Ukraine and 19% for Russia on a record global consumption outlook.

- Date: 2021-10-27 · published 2021-10-27T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/44660-black-sea-region-competition-for-the-buyer-in-the-sun-oil-market-will-continue
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expanded Black Sea sunflower oil export supply intensifies competition for buyers, which tends to pressure sunflower oil prices, while strong global demand limits the downside.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-05-27 | [Black Sea region: Sharpening competition in the sunflower oil market](https://feedsoft.ai/events/53255-black-sea-region-sharpening-competition-in-the-sunflower-oil-market.md) | +2.5% | +3.3% |
| SBO | 2022-07-06 | [Ukraine: sunflower is expected to remain one of the most profitable crops 06.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40597-ukraine-sunflower-is-expected-to-remain-one-of-the-most-profitable-crops-06-07.md) | -0.8% | +0.5% |
| SBO | 2017-03-14 | [Ukraine: sunoil facing heavy competition – Business World](https://feedsoft.ai/events/72098-ukraine-sunoil-facing-heavy-competition-business-world.md) | +2.7% | -1.6% |
| SBO | 2023-07-19 | [Top buyer India's sunflower oil imports to fall as Black Sea grain deal expires](https://feedsoft.ai/events/35172-top-buyer-india-s-sunflower-oil-imports-to-fall-as-black-sea-grain-deal-expires.md) | +10.3% | +0.6% |
| SBO | 2023-02-23 | [Declining rapeseed oil and meal prices in China will soon increase the pressure on the world rapeseed market](https://feedsoft.ai/events/37283-declining-rapeseed-oil-and-meal-prices-in-china-will-soon-increase-the-pressure.md) | -2.5% | -8.3% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/black-sea-region-competition-for-the-buyer-in-the-sun-oil-market-will-continue-in-the-new-season/

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