Russia’s Sunflower Oil Price Increase Impacts Global Markets

Russia’s Sunflower Oil Price Increase Impacts Global Markets

Date: February 5, 2026
Source: ASM Global Editorial
Russia, one of the world’s largest producers and exporters of sunflower oil, has introduced a new price increase in 2026. Changes in export duties and production costs have intensified pressure on global food markets.
Experts warn that this decision may directly affect food inflation, especially in import-dependent countries.

Reasons Behind the Price Increase

Several key factors contributed to Russia’s decision:
  • Rising global vegetable oil prices
  • Higher production and energy costs
  • Increased logistics and freight expenses
  • Export revenue optimization policies
  • Domestic supply security strategies
These elements combined have led to higher export prices.

Global Market Impact

The new pricing policy is expected to keep sunflower oil prices at elevated levels worldwide, particularly affecting:
  • Middle Eastern markets
  • Gulf countries
  • European region
  • Türkiye and neighboring states
Wholesale and retail prices are likely to remain under pressure.

Impact on Türkiye and Regional Markets

As a major importer, Türkiye may experience:
  • Higher procurement costs
  • Potential retail price increases
  • Increased search for alternative suppliers
Industry experts emphasize the importance of diversified sourcing strategies.

ASM Global’s Assessment

ASM Global highlights that price fluctuations in global food trade require more strategic supply chain planning. The company continues to expand its regional supplier network to ensure stable and sustainable solutions.

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