Black Sea sunflower oil prices fall at least 7% over past month, continue to decline

Black Sea sunflower oil prices have fallen by at least 7% over the past month and continue to decline, weighed down by the increased availability of soybean oil relative to other vegetable oils, weak demand from key buyers amid ample short-term coverage and competitive prices from Russian sellers due to a higher-than-expected sunflower harvest in Russia, as well as the deferred EU Deforestation Regulation policy, which kept the palm oil and soy oil supply unhindered.