# Ukraine crisis threatens sunoil supply, fuels vegoils rally

> Uncertainty over sunflower oil supplies from the Russia-Ukraine conflict is driving buyers toward palm oil and soyoil. The Black Sea accounts for about 60% of world sunoil output and 76% of exports.

- Date: 2022-02-23 · published 2022-02-23T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/8757-ukraine-crisis-threatens-sunoil-supply-fuels-vegoils-rally
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Loss of sunoil supply from the Black Sea shifts demand to palm and soy oils, supporting prices and potentially squeezing price-sensitive importers.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2022-03-01 | 5 | +15.0% | 4.4 | Black Sea accounts for about 60% of sunoil output, so supply uncertainty drives buyers toward palm and soyoil. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-03-01 | [Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply](https://feedsoft.ai/events/42377-palm-oil-becomes-costliest-vegoil-as-ukraine-war-halts-sunoil-supply.md) | +2.9% | -3.2% |
| SBO | 2018-06-28 | [Oil trades near three-year high as Libya crisis tightens supply](https://feedsoft.ai/events/64674-oil-trades-near-three-year-high-as-libya-crisis-tightens-supply.md) | -1.9% | -3.0% |
| SBO | 2022-05-03 | [The impact of the Ukraine crisis on the global vegetable oil market \| IFPRI](https://feedsoft.ai/events/41484-the-impact-of-the-ukraine-crisis-on-the-global-vegetable-oil-market-ifpri.md) | +3.0% | -3.8% |
| SBO | 2022-02-23 | [Palm hits all-time high on supply concerns due to Ukraine crisis - Markets - Business Recorder](https://feedsoft.ai/events/42798-palm-hits-all-time-high-on-supply-concerns-due-to-ukraine-crisis-markets.md) | +3.8% | -0.7% |
| SBO | 2022-04-22 | [GRAIN BULLETIN: Vegetable oils fuel the price rally \| Stock Journal \| SA](https://feedsoft.ai/events/41949-grain-bulletin-vegetable-oils-fuel-the-price-rally-stock-journal-sa.md) | +3.2% | -4.4% |
| PALMOIL | 2022-03-01 | [Palm oil becomes costliest vegoil as Ukraine war halts sunoil supply](https://feedsoft.ai/events/42377-palm-oil-becomes-costliest-vegoil-as-ukraine-war-halts-sunoil-supply.md) | +13.1% | +9.4% |
| PALMOIL | 2022-05-03 | [The impact of the Ukraine crisis on the global vegetable oil market \| IFPRI](https://feedsoft.ai/events/41484-the-impact-of-the-ukraine-crisis-on-the-global-vegetable-oil-market-ifpri.md) | -9.5% | -9.0% |
| PALMOIL | 2022-02-23 | [Palm hits all-time high on supply concerns due to Ukraine crisis - Markets - Business Recorder](https://feedsoft.ai/events/42798-palm-hits-all-time-high-on-supply-concerns-due-to-ukraine-crisis-markets.md) | +15.0% | +10.6% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/ukraine-crisis-threatens-sunoil-supply-fuels-vegoils-rally-2022-02-23/

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