Sunflower oil may soon become a scarce commodity in Germany

Due to the war in Ukraine, sunflower oil could become a scarce commodity in Germany in a few weeks. This is the opinion of the Verband der ├Âlsaatenverarbeitenden Industrie in Deutschland (Ovid), an association of oilseed processing companies in Germany.

“There are probably enough stocks for a few more weeks,” Ovid managing director Gerhard Brankatschk told the German Press Agency. He stressed that there are currently no deliveries from Ukraine, the country that supplies Germany with the most sunflower oil. However, consumers can easily switch to other edible oils, such as rapeseed oil, for example. Bottlenecks are not to be expected here.

According to the German association of oilseed processors, Ukraine with 51% and Russia with 27% are the most important exporters of sunflower oil worldwide. Germany meets 94% of its sunflower oil needs through imports, with only 6% coming from domestic production. The sunflower oil supply situation was already difficult due to a poor harvest in Canada and logistical problems related to the coronavirus pandemic. Prices therefore rose significantly even before the outbreak of war in Ukraine.

Source: www.t-online.de, www.insidegermany.co

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