In March 2026, Ukraine set a new record for sunflower oil exports, shipping 427 thousand tons, which is 18% more than in February this year. Compared to the same month last year, this figure is slightly lower — by 3%, reports the Electronic Grain Exchange.
Analysts note a significant increase in supplies to the Middle East. In particular, exports to Jordan increased 7.7 times, reaching 35 thousand tons. Supplies to Turkey increased 2.4 times, setting a 10-month maximum of 40 thousand tons, and to Saudi Arabia — 14 times, to 15 thousand tons.
At the same time, some traditional markets reduced purchases. Thus, supplies to the UAE decreased by 32%, to Qatar by 85%, and there were no shipments to Iraq at all. Experts explain this by the blockade of the Strait of Hormuz, through which the main transshipment ports of the region pass. Importers are forced to look for alternative routes, in particular land routes, through neighboring countries with access to the Red Sea.
Overall, in March, sunflower oil exports to the Middle East region (including Turkey) almost doubled compared to February, reaching 106.6 thousand tons. This was the highest figure since June 2025, the exchange notes.
Against the background of the conflict with Iran, prices for Ukrainian sunflower oil increased from 1,250 to 1,300 US dollars per ton with delivery to ports. This contributed to an increase in the purchase cost of seeds and the intensification of processing within the country.
Experts predict that the seasonal increase in sunflower supplies will continue in April. Demand for Ukrainian oil will remain high, supported by rising prices for crude oil, palm oil and soybean oil, which stimulates processors and exporters to increase production volumes.
e-finance.com.ua
