REVENUE FROM EXPORT OF OILSEEDS FROM UKRAINE 10% UP

Export proceeds from the supply of oilseeds from Ukraine in the 2019/2020 marketing year (MY, September-August) increased by 10% and amounted to $ 7.32 billion, CEO of UkrAgroConsult Serhiy Feofilov has said.

“The economy of Ukraine from export of oilseeds in September-August received more than $ 7.3 billion, which is 10% more compared to the previous season. We see an 11% increase in sunflower oil (in terms of export earnings),” he said during the international conference Black Sea Grain & Oil Trade 2020 in Kyiv.

So, according to him, last season Ukraine exported sunflower oil for $ 4.95 billion (6.8 million tonnes against 6.06 million tonnes in the 2018/2019 MY).

The director general of UkrAgroConsult also said that export of grains in the first two months of the season (July-August) is practically at the level of the previous season.

“This shows that despite the consequences of the coronavirus crisis, export continues and develops,” he said.

Open4business