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

Instagram no longer accessible in Russia

Latest from -Top News

Jaishankar Gets Real on India-US Ties

The EAM underlined the structural drivers of the bilateral relationship, saying, “The trend line over the last 25 years has actually been very strong….reports Asian Lite News External Affairs Minister S. Jaishankar

Polls Early Next Year, Yunus Tells US

The Chief Advisor invited Rubio to visit Bangladesh ahead of the general election to witness the country’s transition to democracy firsthand…reports Asian Lite News Bangladesh’s interim Chief Advisor Muhammad Yunus has urged

Jaishankar Shoots Down Trump’s Ceasefire Claim

External Affairs Minister S. Jaishankar has rejected former US President Donald Trump’s claim of using trade pressure to broker an India-Pakistan ceasefire….reports Asian Lite News External Affairs Minister S. Jaishankar, drawing on

India, Namibia to Boost Ties During Modi Visit

This will be the first visit of Prime Minister Modi to Namibia, and the third-ever Prime Ministerial visit from India to Namibia….reports Asian Lite News Prime Minister Narendra Modi’s forthcoming visit to

Quantum Leap Secures India’s Edge

The Minister said India has entered a new quantum era, set to transform future warfare….reports Asian Lite News India has taken a major leap in defence and cyber security by successfully demonstrating
Go toTop

Don't Miss

Ready for ties with West, not for reconciliation: Lavrov

According to Lavrov, the US is sending diplomats to many

No decision yet on EU’s oil embargo against Russia

The issue will now be referred to the Committee of