Refined Sunflower Oil, a more processed form of sunflower oil, undergoes extra filtration in production and is mainly used for cooking. Its prices closely follow those of sunflower oil. In H1 2023, pricing relates to sunflower harvest yields. Abundant yields created refinery surpluses, allowing price negotiation. Abundant soybeans further reduced costs. Refinery, transport, and energy costs were impacted by global inflation, but improvements post-lockdown eased costs, lowering Refined Sunflower Oil prices despite sustained demand.
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Definition
Refined Sunflower Oil is a processed variant of sunflower oil obtained through additional filtration and refining steps. It is commonly used as a cooking oil due to its mild flavour, high smoke point, and clear appearance. The refining process removes impurities, making it a more stable and versatile option for culinary applications.
Key Details About the Refined Sunflower Oil Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Refined Sunflower Oil in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Refined Sunflower Oil Price forecast, including India Refined Sunflower Oil price, USA Refined Sunflower Oil price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Refined Sunflower Oil Price Trend:
Refined Sunflower Oil finds extensive application in the food industry as a popular cooking oil due to its neutral taste, high smoke point, and health benefits. It is also utilized in food processing, baking, and frying. Additionally, it serves as a base ingredient in various salad dressings, sauces, and margarines, contributing to a wide range of culinary products.
Key Players:
- Cargill Incorporated,
- Wilmar International
- MWC Oil
- CHS Inc
- Archer Daniels and Midland Company
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