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Ukrainian sunflower seed exports to increase in H2 2019/20

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Consulting Agency

UkrAgroConsult

Sunflower seed exports in September-December 2019/20 were the lowest since MY 2005/06, at 14.1 KMT (down 61% year-on-year), reports UkrAgroConsult.

As before, the key importer this season is the EU with 11 KMT (up 36% year-on-year and 78% of total exports).

Turkey slashed purchases by 98% (0.5 KMT against 22.8 KMT a year earlier). Shipments to the country are expected to increase from February 2020 owing to a cut in the sunseed import duty in Turkey (49% against 122% charged now, or it may even be reduced to zero).

Growth in exports was registered to Bulgaria (+282%), Germany (+61%) and China (manifold).

A slowdown in exports occurred to Azerbaijan (-99%), Sweden (-87%) and Romania (-41%).

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics "Black Sea Grain" in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. We offer 7-days trial! Completely free!

 

UkrAgroConsult

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