# Black Sea region: Sharpening competition in the sunflower oil market

> Ukraine and Russia posted a bumper 2019/20 sunflower seed crop, with record sunflower oil exports of 4.5 million tonnes for Ukraine (Sep-Apr) and 2.1 million for Russia (Sep-Mar). Competition for Indian and Chinese markets is intensifying, and USDA forecasts global sunflower oil consumption up 2% in 2020/21. Crop prospects have improved as weather risks recede.

- Date: 2020-05-27 · published 2020-05-27T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/53255-black-sea-region-sharpening-competition-in-the-sunflower-oil-market
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Large Black Sea sunflower supplies and export competition are bearish for sunflower oil and meal prices, with improved yield prospects reinforcing that pressure.

## Read by commodity

- SBO: bearish ▼
- SUNMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-10-27 | [Black Sea region: competition for the buyer in the sun oil market will continue in the new season 27.10.2021 - UkrAgroConsult](https://feedsoft.ai/events/44660-black-sea-region-competition-for-the-buyer-in-the-sun-oil-market-will-continue.md) | -1.6% | -4.9% |
| 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 | 2019-04-23 | [Ukraine and Russia increase the production of sunflower oil](https://feedsoft.ai/events/59716-ukraine-and-russia-increase-the-production-of-sunflower-oil.md) | -2.9% | -4.2% |
| SBO | 2020-06-30 | [Rise of Russian sunflower exports hits Ukraine’s share of market](https://feedsoft.ai/events/52735-rise-of-russian-sunflower-exports-hits-ukraine-s-share-of-market.md) | +4.1% | +6.5% |
| SBO | 2026-10-01 | [Black Sea risks push sunflower trade towards new routes \| Miller Magazine](https://feedsoft.ai/events/17207-black-sea-risks-push-sunflower-trade-towards-new-routes-miller-magazine.md) | +1.8% | +3.3% |

## Sources

- agrisupp.com: https://agrisupp.com/en/news/811

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