What is the potential market for sunflower & groundnuts in Tanzania?
The potential market in western Tanzania is nearly 75,000 tons annually. The current market for the sunflower and groundnuts products is local consumption. More than half of vegetable oil consumed in Tabora is imported due to the lack of supply in local production.
Where is sunflower oil made?
Sunflower oil in the Silpo store in Kyiv, Ukraine. August 2021. Sunflower oil is one of the most commonly produced vegetable oils globally. In 2018, world production of sunflower oil was 18 million tonnes, led by Ukraine and Russia, which together account for 53% of the world total.
Why should we invest in sunflower oil in Tanzania?
Investment in sunflower oil production locally could therefore provide competition against imported oil. One reason for encouraging the greater production and processing of sunflower oil in Tanzania is thus its potential for import substitution, which could generate income and jobs at home and have a beneficial impact on foreign- exchange outflows.
Which country produces the most sunflower oil in the world?
As of 2023, Ukraine was the world’s largest producer of sunflower oil. The Russian invasion of Ukraine that began in 2022 caused global prices of sunflower oil to increase by as much as 58% in a single month in 2022. Sunflower oil is mainly a triglyceride. The British Pharmacopoeia lists the following profile: