# Agri Trends- Imports of vegetable oils into South Africa reach a 7-year record.

> South African sunflower seed production fell 24% to a six-year low, prompting a record 75,000 tonnes of sunflower oil imports mainly from Argentina and the EU. Local soybean output is at a three-year low, though carry-over stocks have limited soybean oil and meal imports.

- Date: 2019-08-13 · published 2019-08-13T12:00:00.000Z
- Category: trade · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/57692-agri-trends-imports-of-vegetable-oils-into-south-africa-reach-a-7-year-record
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Record South African vegetable oil imports reflect tight domestic sunflower supply and low global oil prices, supporting demand for Argentine and EU sunflower oil.

## Read by commodity

- SBO: neutral
- CORN: neutral
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-08-19 | [Vegetable Oil - Markets - Business Recorder](https://feedsoft.ai/events/63615-vegetable-oil-markets-business-recorder.md) | -0.3% | -2.8% |
| SBO | 2022-12-08 | [EU sunflower seed imports reach record high](https://feedsoft.ai/events/38353-eu-sunflower-seed-imports-reach-record-high.md) | -0.9% | -4.9% |
| SBO | 2024-06-26 | [Renewable diesel boom creates surge in feedstock imports \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15210-renewable-diesel-boom-creates-surge-in-feedstock-imports-agri-pulse.md) | +4.0% | +6.9% |
| 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 | 2021-02-11 | [Egypt's GASC gets offers in soyoil, sunflower oil tender - Markets - Business Recorder](https://feedsoft.ai/events/48730-egypt-s-gasc-gets-offers-in-soyoil-sunflower-oil-tender-markets-business.md) | +1.7% | +18.5% |
| CORN | 2022-09-19 | [US Ethanol Exports on Track for One of the Best Years on Record](https://feedsoft.ai/events/39570-us-ethanol-exports-on-track-for-one-of-the-best-years-on-record.md) | +0.0% | +0.2% |
| CORN | 2024-03-26 | [China 2024 grain imports seen near record high](https://feedsoft.ai/events/14766-china-2024-grain-imports-seen-near-record-high.md) | -4.6% | -5.0% |
| CORN | 2018-02-06 | [Mexico Sets Record as Top Buyer - 2017 Year in Review](https://feedsoft.ai/events/66462-mexico-sets-record-as-top-buyer-2017-year-in-review.md) | +1.3% | +3.3% |

## Sources

- agricultureportal.co.za: https://www.agricultureportal.co.za/index.php/agri-index/68-crops/2858-agri-trends-imports-of-vegetable-oils-into-south-africa-reach-a-7-year-record

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