Ukraine to keep promoting its refined sunflower oil on world markets
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Ukraine to keep promoting its refined sunflower oil on world markets

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Author:

Svetlana Kupreeva

UkrAgroConsult

Analyst

A record sunflower seed crop in Ukraine in MY 2018/19 (15.5 MMT) pushed up crush and sunflower oil production. The refining segment follows the general trends.

In MY 2018/19, output of refined sunflower oil reached a record (+7.4% from MY 2017/18). At the same time, despite increasing volumes of refining, its share in total sunoil production has shrunk to 11-12% from 16% seen eight seasons ago.

While stable domestic consumption, the gain in production of refined sunflower oil is aimed at the export market, therefore 2018/19 exports of this product reached a record high (+16% from MY 2017/18). The key export destinations include the EU (17% of total exports).

In the new 2019/20 season, Ukraine’s fat-and-oil sector has every capability to increase refining and exports, reports UkrAgroConsult.

Full version of the article is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative platform AgriSupp.com by UkrAgroConsult. Agrisupp is a reliable analytical tool for agri market participants that contains historical and current market data, daily updates on grain, oilseed and pulses markets. We offer 7-days trial! Completely free!

 

UkrAgroConsult

 

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