Global price of Sunflower Oil
This dataset tracks global price of sunflower oil over time.
Latest Value
1443.57
Year-over-Year Change
15.65%
Date Range
1/1/1990 - 6/1/2025
Summary
The Global price of Sunflower Oil tracks the average price of sunflower oil in the global marketplace. This benchmark price is closely watched by economists and policymakers as sunflower oil is a widely traded agricultural commodity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Global price of Sunflower Oil represents the average U.S. dollar price per metric ton of refined, bleached, and deodorized sunflower oil traded on the global market. This price serves as an important indicator of supply, demand, and market conditions for this major edible oil.
Methodology
The data is collected and reported by the World Bank's Pink Sheets, which monitor international commodity prices.
Historical Context
Sunflower oil prices are relevant for analyzing food prices, agricultural trade, and the broader health of the global economy.
Key Facts
- Sunflower oil is a major global edible oil, accounting for over 12% of world vegetable oil production.
- The Global price of Sunflower Oil is quoted in U.S. dollars per metric ton.
- Sunflower oil prices are influenced by global supply, demand, and geopolitical factors.
FAQs
Q: What does this economic trend measure?
A: The Global price of Sunflower Oil tracks the average market price of refined sunflower oil traded internationally.
Q: Why is this trend relevant for users or analysts?
A: Sunflower oil prices are an important indicator for food prices, agricultural trade, and the broader state of the global economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank's Pink Sheets, which monitor international commodity prices.
Q: How is this trend used in economic policy?
A: Sunflower oil prices are closely watched by policymakers, economists, and market analysts to assess agricultural market conditions and their broader economic implications.
Q: Are there update delays or limitations?
A: The Global price of Sunflower Oil data is published monthly with a short lag time, providing a timely picture of market dynamics.
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Citation
U.S. Federal Reserve, Global price of Sunflower Oil (PSUNOUSDM), retrieved from FRED.