# Black Sea oilseeds: surging prices – where is the psychological limit?

> Global sunflower oil prices rose to about $1,700/MT FOB, a level key market operators did not expect, driven by shrinking sunflower crops, low carryover and Chinese demand. Buyers switched to cheaper vegetable oils, pushing sunoil prices down about $200/MT, and a Ukrainian memorandum set a 2020/21 export limit of 5.38 million tonnes rather than a ban.

- Date: 2021-04-27 · published 2021-04-27T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/47715-black-sea-oilseeds-surging-prices-where-is-the-psychological-limit
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Substitution to cheaper vegoils caps sunflower oil and meal prices, while the Ukrainian export quota limits supply to importers and keeps the Black Sea vegoil complex firm.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲
- SUNMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-03-04 | [Will Crude Palm Oil Prices Flare-Up Again? - Geojit Financial Services Blog](https://feedsoft.ai/events/5817-will-crude-palm-oil-prices-flare-up-again-geojit-financial-services-blog.md) | -4.9% | -6.3% |
| SBO | 2025-04-21 | [U.S.-China trade war 2.0: What are the implications for global oilseed markets? \| IFPRI](https://feedsoft.ai/events/14672-u-s-china-trade-war-2-0-what-are-the-implications-for-global-oilseed-markets.md) | +2.9% | +1.5% |
| SBO | 2024-06-04 | [India Sees Surge in Palm Oil Imports Amid Price Correction \| Headlines](https://feedsoft.ai/events/8033-india-sees-surge-in-palm-oil-imports-amid-price-correction-headlines.md) | +0.5% | +4.7% |
| SBO | 2018-05-03 | [Malaysian palm oil price slides to 16-month low on weak demand \| The Star](https://feedsoft.ai/events/6612-malaysian-palm-oil-price-slides-to-16-month-low-on-weak-demand-the-star.md) | +1.6% | +2.5% |
| SBO | 2020-05-02 | [Poland and Ukraine to retain trade in oilseeds and by-products](https://feedsoft.ai/events/53250-poland-and-ukraine-to-retain-trade-in-oilseeds-and-by-products.md) | +0.3% | +5.6% |
| PALMOIL | 2020-08-16 | [‘Getting back to normal’: Malaysia-India palm oil trade back on track due to better prices, food security needs](https://feedsoft.ai/events/51472-getting-back-to-normal-malaysia-india-palm-oil-trade-back-on-track-due-to.md) | +1.0% | +7.4% |
| PALMOIL | 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) | +1.6% | -2.8% |
| PALMOIL | 2025-12-01 | [Indian buyers secure huge soy oil deal: Traders lock in over 150k tons/month from South America; here's why - The Times of India](https://feedsoft.ai/events/11266-indian-buyers-secure-huge-soy-oil-deal-traders-lock-in-over-150k-tons-month.md) | +1.9% | -0.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/black-sea-oilseeds-surging-prices-where-is-the-psychological-limit/

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