The export price of sunflower oil has risen: what is the reason?
30 April 17:51
Despite the recent rise in oil prices, vegetable oil prices remained stable last week. On the Indian market, sunflower oil prices even fell due to increased supply from Argentina. This was reported by the Electronic Grain Exchange, according to "Komersant Ukrainian".
Over the course of the week, prices for sunflower oil delivered to India fell by another $10 per ton to $1,410–$1,415 per ton CIF Mumbai. This led to a $10 per ton drop in prices for Russian sunflower oil to $1,315–$1,320 per ton FOB.
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At the same time, bid prices for Ukrainian sunflower oil rose by $5–10 per ton to $1,320–1,325 per ton for delivery to Black Sea ports due to a supply shortage.
Over the weekend, another port-side oil extraction plant was damaged by Russian drone strikes, and oil storage tanks were damaged in Chornomorsk. Declining processing margins and new oil losses have led to reduced purchasing activity among some processors.
At the end of last week, demand prices for sunflower seeds in Ukraine reached a record 33,000 hryvnias per ton, but since Monday have fallen by 300–500 hryvnias per ton to 31,800–32,500 hryvnias per ton excluding VAT, delivered to the plant.
According to Ukraine’s State Statistics Service, sunflower production in 2025 totaled 10.24 million tons, which is 7% less than in the previous season. As of April 1, 2026, sunflower stocks in Ukraine stood at 2.6 million tons, which is 10% less than a year ago.
In May 2026, the export duty on sunflower oil from Russia will decrease by 3.5 times compared to April—from 16,222 to 4,650 rubles per ton. This will allow Russian exporters to earn higher profits and lower prices, which will intensify competition on the global market.
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What is known about the Russian attack on the Odesa region on April 26
Following the Russian attack on the Odesa region on April 26, a sunflower oil spill was detected in the waters of the port of Chornomorsk. During the shelling, a 6,000-ton sunflower oil tank was destroyed. Despite measures to contain the oil spill, the substance entered the port’s waters.
According to the USPA, the specialized fleet of the Black Sea branch of the State Enterprise “USPA” (oil recovery vessels), oil booms, a Lamor skimmer for collecting pollutants, as well as specialized vehicles for pumping out the contamination.
According to Vladislav Balinsky, an ecologist at the Tuzlivski Limany National Nature Park, the oil slick that covered the Odessa coast following the Russian Federation’s attacks on the port of Chornomorsk on April 26 spans approximately 793 square kilometers.
