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Surging Prices: Sunflower Oil Sees Dramatic Increase in 2024

Surging Prices: Sunflower Oil Sees Dramatic Increase in 2024

Sunflower Oil has experienced a significant price surge, climbing by 355.10 USD/T or 43.30% since the outset of 2024. This increase is based on trading data from a contract for difference (CFD) that closely monitors the benchmark market for this essential commodity. Historical data reveals that sunflower oil previously peaked at an all-time high of 2400 USD/T in March 2022.

Looking ahead, analysts predict that sunflower oil will stabilize at 938.41 USD/T by the conclusion of this quarter. Furthermore, projections indicate a price of 962.51 USD/T within the next 12 months, according to global macroeconomic models and expert forecasts.