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Ukraine supplied 32% more sunflower oil to foreign markets in September-November 2016 than in the same period a year earlier. India and China together account for almost half of Ukrainian sunflower oil shipments.
Asia takes over 60% of those exports, and Ukraine holds over 93% of India's sunflower oil market.
Higher Ukrainian sunflower oil exports to Asia add competing vegetable oil supply in India and China. This could cap prices for other vegetable oils such as palm oil.
intmassmedia.comIMMJan 7, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
