Ukrainian sunflower oil prices surged 8% last week to their highest level in five years

Ukrainian sunflower oil prices surged 8% last week to their highest level in five years, Agricensus reports in an analysis: “Ukraine’s sunoil market is on fire but will it last?” Ukraine is the world’s largest exporter of sunflower oil. The three main importers – China, India and the EU – are nervous about reports that hot, dry weather in southern Ukraine is reducing the oil content of harvested seeds. One crusher tells Agricensus reporter Vika Blazhko: “The first sun seeds that are going into crushing plants are of a small size and are very dry with low oil content.”