March 14, 2022
1 min read

Europe running out of Sunflower oil as war intensifies

According to the association, the conflict in Ukraine has already prevented approximately 200,000 tonnes of sunflower seed oil per month from being shipped to European ports….reports Asian Lite News

Europe now faces a deficit in sunflower oil because exports from Ukraine have stopped, with the available stocks projected to last between 4 and 6 weeks, the EU vegetable oil industry association has warned.

“Beyond that period, it is likely that [the] lack of availability of crude sunflower seed oil and limited alternatives will lead to a shortfall of refined/bottled sunflower seed oil on the European market, and that this will be felt up to the consumer level,” reads the latest FEDIOL press release, RT reported.

According to the association, the conflict in Ukraine has already prevented approximately 200,000 tonnes of sunflower seed oil per month from being shipped to European ports.

The EU sources between 35 per cent and 45 per cent of the oil it consumes from Ukraine, FEDIOL explains, adding that such volumes are difficult if not impossible to replace on short notice.

Producers are already redirecting the oil destined for biodiesel back to the food market, FEDIOL says, predicting that rapeseed oil, soybean oil, and tropical oils could also be used as a replacement.

Since the beginning of Russia’s military operation in Ukraine on February 24, the country’s Black Sea ports have been closed, leaving dozens of cargo ships stranded and disrupting shipping.

ALSO READ: Biden, Macron vow to hold Russia accountable for Ukraine war

Previous Story

Biden, Macron vow to hold Russia accountable for Ukraine war

Next Story

UAE condemns missile attack on Erbil

Latest from -Top News

Trump Defiant as Markets Dive

Despite mounting investor anxiety and a steep drop in market values worldwide, Trump dismissed fears of economic fallout, declaring that “world leaders are dying to make a deal.” Amid deepening turmoil on

GAZA KILLINGS: War Crime?

Mobile Phone Footage Casts Doubt on Israeli Account of Ambulance Attack in Gaza Newly surfaced mobile phone footage has raised serious questions about the Israeli military’s justification for opening fire on a

Namibia voices concern over US tariffs

AGOA is a non-reciprocal trade arrangement aimed at supporting development in African countries through preferential access to US markets The Namibian government has expressed concern over newly imposed US tariffs, warning that
Go toTop

Don't Miss

Ukraine standoff: Russia not ready to step back

Russia warned of countermeasures” if both sides cannot reach a

India Inks FTA with European Free Trade Association

Union Commerce Minister Piyush Goyal co-chaired the meeting on the