Almost no sunseed left in Ukraine for importers

02.07.2018

In May 2018, Ukraine exported this season’s smallest monthly sunseed volume of 1.4 KMT. It was down 63% from the previous month and down 75.4% from May 2017, reports UkrAgroConsult.

Export statistics for the current 2017/18 season (September-May) are much lower than a year ago: 29.3 KMT versus 182.4 KMT, respectively. In addition, over the period since 2000, only MY 2004/05 saw smaller sunseed shipments in September-May (just about 11 KMT). As expected, strong domestic demand from crushers took its toll in the conditions of a shrunk sunseed crop.

In the current 2017/18 season, Ukrainian sunseed exporters face not only an almost 50% drop in the number of importers but also a significant contraction of the remaining end markets.

At the same time, almost 80% of total exports went to European countries, UkrAgroConsult’s analysts note. Turkey accounts for 6%, Libya and Georgia for 2% each, but exports top these countries do not exceed 2 KMT.

More detailed information on the latest trends in oilseeds/vegoils/meals exports, supply and demand balances with breakdown by crop in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the VI International Conference “Black Sea Oil Trade”, which will take place on September 20, 2018 in Hilton hotel, Kiev, Ukraine.

In 2017 International Conference «Black Sea Oil Trade» attracted 250 delegates from 25 countries and 150 companies. Conference participants are usually represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, investment companies, banks, law, shipping, brokerage, insurance and surveyor companies.

 

UkrAgroConsult

 

 

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