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In North America, Sunflower Oil Price fluctuated during the Q3 of 2022 due to mixed market sentiments and fluctuating market dynamics from the downstream industries. In the first half of Q3, the price of Sunflower Oil decreased owing to the decreased demand from local traders, which declined the price of oil in the local market. Sunflower Oil demand has decreased drastically from the consumers' end. In addition, Canada had been the leading importer destination of US sunflower oil, and demand from Canada decreased, which significantly decreased the price of the product.
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Sunflower Oil Price Trend and Forecast In North America, Sunflower oil price fluctuated during the Q3 of 2022 due to mixed market sentiments and fluctuating market dynamics from the downstream industries. In the first half of Q3, the price of Sunflower Oil decreased owing to the decreased demand from local traders, which declined the price of oil in the local market. Sunflower Oil demand has decreased drastically from the consumers' end. In addition, Canada had been the leading importer destination of US sunflower oil, and demand from Canada decreased, which significantly decreased the price of the product. In the second half of Q3 2022, the price remained upward because of rising inflation and disrupted supply from European countries. The price of the commodity increased due to a consistent decrease in the price of the product in the previous months of the quarter, which has led to a decrease in the level of inventories. Towards the end of Q3 2022, the price of Sunflower Oil was recorded to be USD 1805/MT for FOB Houston (USA) in September 2022. https://www.chemanalyst.com/Pricing-data/sunflower-oil-1315
The price of Sunflower Oil in Europe decreased during the Q3 of 2022 The price of Sunflower Oil in Europe decreased during the Q3 of 2022, and the product's price has fallen because of the considerable number of inventories on the domestic market. Because there was an excess of the product, the manufacturers had to reduce the price. Due to several bans that have been approved in its primary importing countries, the price of the commodity has plummeted in its home market. Despite the substantial domestic market demand, there is ample inventory to satisfy consumer demand. In the second half of Q3 of 2022, the prices consistently decreased due to the manufacturers having to lower the price of the goods because there was an abundance of them. The price of the commodity has decreased in its home market because of some bans being sanctioned in its main importing nations. Towards the end of Q3 2022, the price of Sunflower Oil was recorded to be USD 1705/MT for FOB Pivdennyi Russia in September 2022. https://www.chemanalyst.com/Pricing-data/sunflower-oil-1315
In the Asia Pacific region, the price of Sunflower oil fluctuated during Q3 2022 In the Asia Pacific region, the price of Sunflower oil fluctuated during Q3 2022 owing to battling severe inflationary pressures, with prices of food, fuels, and crop nutrients. In the first half of Q3, the prices decreased due to the Indian government exempted customs duty and agriculture infrastructure growth tax on 20 lakh metric tonnes yearly import of sunflower oil to ease domestic price, for the exemption which would help to control inflation and surging local costs of food. In the second half of Q3, the prices for Sunflower Oil increased due to the lack of availability of the product in the domestic market backed by poor cultivation. The markets were suffering from severe droughts and heatwaves, which devastated the seeds, and the quantity of production lowered, further tightening the supply concerns. Towards the end of Q3 2022, the price of Sunflower Oil was recorded to be USD 1945/MT for Ex Chennai (India) in September 2022. https://www.chemanalyst.com/Pricing-data/sunflower-oil-1315
In the Asia Pacific region, the price of Sunflower oil fluctuated during Q3 2022 In North America, Sunflower oil prices fluctuated during the Q3 of 2022 due to mixed market sentiments and fluctuating market dynamics from the downstream industries. In the first half of Q3, the price of Sunflower Oil decreased owing to the decreased demand from local traders The price of Sunflower Oil in Europe decreased during the Q3 of 2022, and the product's price has fallen because of the considerable number of inventories on the domestic market. Because there was an excess of the product, the manufacturers had to reduce the price.
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