Ukraine Shift on Sunflower-Seed Exports Calms Cooking-Oil Market Rocked by War
Much of Ukraine’s sunflower-seed oil exports remain curtailed by the war, but farmers are sending out the raw seeds instead, stabilizing the global market for cooking oil.In January, Ukraine exported 347,000 tons of sunflower-seed oil, down sharply from the 612,000 tons exported in January 2022 before the war, according to data from Black Sea agricultural consulting firm SovEcon. A drop in exports from Ukraine, the world’s second-largest producer after Russia, sent prices for sunflower-seed oil and other cooking oils…