Turkey will reduce its sunflower seed import duty from 20% to 12% effective October 1, 2026, two months ahead of schedule. The move aims to lower raw material costs for domestic crushers amid Black Sea supply disruptions and European drought, with authorities expecting it to help contain consumer prices for refined sunflower oil.
Rising U.S. demand for Korean cosmetics, fueled by retail expansion and social media, is accelerating. The category's lower price points compared with prestige skincare risk pulling down average spending in the cosmetics market as consumers shift toward more affordable options.
During Q2 2026, refined sunflower oil markets witnessed a fluctuating trajectory as the refined sunflower oil price curve moved from firm to softer pattern as global supply prospects improved. Higher sunflower seed production and crushing availability reduced concerns over tight raw material supply, with global sunflower seed production for 2025/26 raised to 54.7 million MT and crush estimated at 49.6 million MT. Improved supply in the Russian markets amid higher seed output and stronger crushing activity, along with Argentina helped ease replacement-cost pressure for Asian importers as the quarter progressed. India remained an important demand centre, with steady food consumption supporting refined sunflower oil purchases, but buyers remained highly sensitive to relative prices against palm and soybean oil. As India remains dependent on imports for its requirements, the refiners became cautious about availability due to uncertainties associated with Ukrainian oil availability in the Black Sea region; but Russian and Argentine oil availability minimized the fear of scarcity. Meanwhile, competition from other edible oils in the market also hindered the growth in refined sunflower oil prices.
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According to Procurement Resource, refined sunflower oil prices are expected to remain stable to slightly soft as improving global supply offsets steady consumption, although Black Sea disruptions could provide temporary support.
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Global refined sunflower oil prices maintained a firm trend during Q1’26 as constrained export availability and geopolitical disruptions supported market sentiment. Global sunflower oil production reached nearly 20.75 million metric tons in 2025/26, only slightly above 20.38 million metric tons in 2024/25, limiting supply growth and preventing major price corrections. In Asia, tighter export availability from Black Sea suppliers, vessel rerouting, and elevated freight and insurance costs increased landed prices for importers, while India witnessed slower imports due to high prices and delayed cargo arrivals. Meanwhile, the European markets remained supported despite improved regional production, as lower exports from Ukraine were only partly offset by higher shipments from Russia and Kazakhstan. Along with this, downstream demand from foodservice, packaged food, and household cooking applications remained stable during the quarter.
Refined Sunflower Oil is a non–volatile oil extracted from the seeds of the sunflower plant. It is commonly used as a Frying Oil in food and as an Emollient in cosmetic formulations. It is a Monounsaturated/Polyunsaturated oil mixture primarily composed of Oleic Acid (Omega–9 fatty acid) and Linoleic Acid (Omega–6 fatty acid). The oil content of the seed ranges between 22% and 36%.
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Abrilsol, ARCE Company Limited, Benvolio
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Sunflower seeds are first picked and washed to remove contaminants, and then de-husked and pulverised. After flaking and steaming the embryo in the frying pan, the fried product is pre-squeezed from the oil and the leftover oil is extracted using solvent leaching; the crude oil is then purified via precipitation and filtration. Finally, the oil is dissolved into the refined oil, degummed, decolorized, deacidified, and deodorised.
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