Ukraine and Russia increase the production of sunflower oil
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Ukraine and Russia increase the production of sunflower oil

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UkrAgroConsult

During September-February of the 2018/19 season Ukraine produced 2,958 million tonnes of crude sunoil, which is 10.7% more than last season - reported in the "Ukroliyaprom".
 
The Largest manufacturer of unrefined sunflower oil was "European transport stevedoring company" (Bunge), with a market share of 6.9%. Second place is OOO "Optimusprime" ("Agrokosm", Zaporozhye OFP) is 6.4%, the third – PJSC "Vinnitsa MZHK" (group Vioil).

During the mentioned period in Ukraine of processed sunflower seeds 12%, and canola and soybeans, more than double over the same period of the previous my.

In March 2019, the export of sunflower oil increased in comparison with the previous year by 12% to a record 632 thousand tonnes, while exports of soybean oil and meal – almost 2.4 times.

Generally in September and March 2018/19 MG sunflower oil exports grew by 16.6%, soy – by 59%, sunflower oil 9%, soybean by 85%.

In Russia In the 2018/19 season production of vegetable oils (sunflower, rapeseed and soybean) may grow compared to the previous MG 9.4% to 6.31 million tons, and exports by 10.6 percent to 3.19 million tons.

It is Expected that most will increase the production of canola oil – 19.9% to 0.53 million tons, sunflower – by 9.3% to 5 million tonnes, soybean, 3.7% to 0.78 million tonnes In March 2019 the production of sunflower oil increased in comparison with lutes 24% to 503 thousand tons, the biggest monthly number since 2016/17 MG.

The Increasing production contributes to the increase in the supply of sunflower seeds in February-March because manufacturers need additional working capital for the sowing campaign.

 

GrainTrade

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