China boosted sunflower oil imports from Russia

01.06.2018

Russian shipments continued at a record pace during the first seven months of the current season, reports UkrAgroConsult. So, 1220 KMT of sunoil was supplied to foreign markets in September-March 2017/18 that is up 7% year-over-year.

Russia exported 170 KMT of sunoil in March 2017/18, i.e. 2% more than in the previous month (170 KMT) but down 31% from March 2017 (245 KMT).

Egypt was the top importer of Russian sunoil during the first seven months of the current season. This country purchased 35% more than in the same period in MY 2016/17. Turkey, remaining the second biggest importer, decreased its purchases by 39% to 247 KMT against 403.5 KMT in MY 2016/17.

China boosted imports, having already purchased 10% more sunoil than for the whole of MY 2016/17.

In addition, this season Russian sunoil exporters have started entering new markets such as Qatar, Togo, and Tanzania.

More detailed information on the latest trends in oilseeds/vegoils/meals exports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting 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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