The price of 5 liters of sunflower oil has reached 400 TL: Will the price increases continue?

Sunflower oil prices have been rapidly increasing recently, continuing to strain consumers' budgets. The cheapest 5-liter sunflower oil available on the market has risen to 305 TL, while the prices of branded products are approaching 400 TL. The increase in import taxes and the rise in raw oil prices are cited as key reasons for this sudden price hike.

The overall trend of rising food prices has particularly reflected in sunflower oil prices. The 5-liter private label (PL) sunflower oil sold at chain supermarkets is priced at 305 TL, while well-known brands have reached 379.95 TL. This rapid increase has drawn the attention of consumers and the industry, with expectations that prices may rise even further.

According to Dünya Gazetesi, industry representatives had previously predicted that the price of 5 liters of sunflower oil would exceed 300 TL. At this point, it is suggested that these forecasts have come true and prices may rise even more. As consumers seek alternative solutions in the face of this budget-straining increase, industry representatives continue to assess the effects of developments in the global economy.

One of the most prominent reasons for this significant increase in domestic and imported sunflower oil prices is the rise in raw oil prices in global markets. According to current data, the raw oil price abroad has approached 1,200 dollars. As a result of these developments, price pressures in local and international markets are returning to consumers as expensive sunflower oil.

Factors such as the decrease in core stocks in the domestic market, the increase in import taxes, and rising production costs are among the other reasons for the increase in sunflower oil prices in Turkey. Looking at the current situation, these factors are coming together, causing shelf prices to rise even further. As consumers question how they can cope with these new prices, hopes are pinned on the market stabilizing.

Experts warn that sunflower oil prices may rise even more in the coming days. Fluctuations in global markets, rising import costs, and supply shortages indicate that prices could exceed 400 TL. In the face of constantly changing market conditions, how consumers will adapt to these price increases remains a topic of curiosity.