Argentina’s total sunflower production in grain, meal, and oil has been around 10% of global sunflower production for the business years 2010 to 2013. In spite of a strong domestic consumption (12.3 liters/inhabitant), global trade fluctuates around 14% in meal, 16.2% in oil, and a low 4.4% in untransformed sunflower seed ( USDA, 2013 ).
Can Argentina become a competitive sunflower oil supplier?
Argentina’s Sunflower Oil production has great potential for high-value exports, so the country has increased its harvested area for MY 2022/2023, raising the question of whether Argentina can become a competitive Sunseed Oil supplier against Russia and Ukraine, the leading Sunflower Oil exporters. Sunflower Oil Supply was very tight in 2022.
Is sunflower a export oriented business in Argentina?
In Argentina, sunflower is an export-oriented business; sunflower products are primarily shipped as oil and flour, and to a lesser extent seed is also exported. Given that 60% of the oil produced is exported in a normal season and that flour has a low relative value, over 80% of sunflower value is explained by the international value of its oil.
Why is sunflower oil so popular in Argentina?
This is due to the fact that a high level of stocks remained available for processing during the current year because of the low volume industrialized during the previous crop. Argentina is a major player in the world market of sunflower oil, positioning itself as the 4th biggest producer and the 4th main exporter.
Does Argentine produce sunflower oil?
Sunflower exports include oil – raw and refined – pellets and seeds, to a lesser extent. The sunflower oil market is affected by numerous restrictions such as quotas and high rates imposed by importing countries. Despite this complex scenario, the Argentine production reaches an important number of countries.
Why did Argentina lose its role as a sunflower oil exporter?
Since then, it had kept its area between 1.8 million and 2.3 million ha, according to the crop competitiveness compared to soybean. During this period, economic reforms in countries of the former Soviet Union resulted in Argentina finally losing its leading role as sunflower oil exporter at the hands of the Ukraine and the Russian Federation.