What is Sunflower Oil?
Sunflower oil is a non-volatile oil pressed from the seeds of the sunflower. Sunflower oil is commonly used in food as a frying oil, and in cosmetic formulations as an emollient.
Sunflower oil is primarily composed of linoleic acid, a polyunsaturated fat, and oleic acid, a monounsaturated fat.
Sunflower Oil Prices In South Africa
- Consumers can expect to pay about 15% and 30% less for canola and sunflower oils in the next two months.
- Cooking oil supplies from Ukraine, which South Africa relies on, have started to stabilize and will help bring prices down.
- Sunflower oil may come down to R79.99 for 2 liters’ worth, which at one point during the Russian war reach R120.
- For more stories, go to www.BusinessInsider.co.za.
Why is the sunflower oil price increasing in South Africa?
The commission said there was a high and growing concentration along the sunflower oil value chain from sowing seed to the refining level, and this “creates a risk of opportunistic price increases above cost increases during periods of inflation”.
Where does South Africa get sunflower oil?
“South Africa imports sunflower oil from the EU and as a direct consequence we will not receive shipments of sunflower oil,” Naicker said.
He added that due to a critical shortage of vegetable oils worldwide, prices have increased significantly and are expected to continue to soar.