Sunflower oil (~21 MMT, $27B+) is the world's fourth-largest vegetable oil. Single most concentrated geography of any major edible oil: Ukraine + Russia produce 55-58% of global output and ~75-80% of global exports (pre-war ~85%). 2022 Ukraine war caused the most extreme single-commodity price shock in vegetable oil history - prices spiked to $2,500-3,000/MT (Feb-May 2022). India is largest single importer (2.5-3.5 MMT) and serves as global swing buyer between sunflower/soy/palm. No dominant futures contract - traded on physical spot (Black Sea FOB reference). Three distinct fatty acid profiles: conventional (linoleic 65%), mid-oleic (NuSun, 55-70% oleic), high-oleic (80-90% oleic). High-oleic adoption growing for trans-fat-free frying (McDonald's, KFC). 2026 prices normalized to $1,100-1,300/MT but war risk premium persists.