Vegoils production in Ukraine added 15 pct in 2018/19

Under the expert estimates, in 2018/19 Ukrainian crushing enterprises produced 6.9 mln t of vegetable oils, 14% more from 2017/18, Edclub writes.

Of the total volume, sunflower oil production reached 6.5 mln t, up 13% from the previous season.

About 95% of vegetable oil produced in Ukraine is exported. According to the customs statistics, the total export volume of these products in 2018/19 amounted to 6.6 mln t, 17% higher from the previous season. At the same time, almost 6.1 mln t of sunoil was exported, 14% more from 2017/18.

The main markets for Ukrainian sunflower oil last season were India, China and the Netherlands. The total value of supplies to these countries exceeded 50% in the total value structure of vegetable oil exports.

Previously reported that the preliminary data on sunflower harvesting in Ukraine continued pressing on the prices, which had reached the minimum level.

Latifundist