According to the U.S. Department of Agriculture, global exports of major plant oils—palm, sunflower, soybean, and canola—are projected to grow 4% in the 2026/27 marketing year, with sunflower oil showing the strongest expansion. Palm oil remains the world’s most-traded vegetable oil, accounting for approximately 50% of global trade, down from 60% a decade ago. Palm oil exports are expected to decline slightly as increased Indonesian shipments are offset by reduced Malaysian exports. Other plant oils are projected to expand, particularly sunflower oil from Ukraine, Russia, and Turkey, alongside Canadian canola exports.
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