No Significant Increase Expected
Despite concerns about a poor sunflower harvest in the country, experts predict that sunflower oil prices will not experience a significant increase in the coming months. Vladimir Ivanov, chairman of the Commodity Exchange and Wholesale Markets State Commission, assures the public that the European market will compensate for any potential shortages.
While sunflower producers and processors have warned of a possible price rise, Ivanov emphasizes that the European and global markets are currently balanced, with prices remaining stable for over six months. He expects this trend to continue, stating that the market will naturally adjust to compensate for the lower domestic production through imports.
Therefore, consumers can rest assured that sunflower oil prices will remain relatively stable, with a maximum increase of 10% being a highly unlikely scenario. The European market will act as a buffer, ensuring that any supply gaps are filled and price fluctuations are kept to a minimum.