EU countries increased soybean oil imports from Ukraine

08.09.2017

Ukraine exported a total 15.2 KMT of soybean oil in July 2017 against 19.5 KMT a month earlier and 11.8 KMT in July 2016.

Overall, in the eleven months of MY 2016/17, Ukrainian soybean oil exports hit an all-time high of over 163 KMT – this is up almost 15% from the same time last season (142 KMT). This product’s deliveries to foreign markets have been boosted almost two and a half times over the last five seasons alone, reports UkrAgroConsult.

Apart from an expansion of the end markets for Ukrainian soybean oil, a change of leaders is observed in the 2016/17 season due to growing shipments to EU countries (40% of total exports) and falling ones to China (27%). The stable demand from India brought this country to the ranks of top importers: it gained a 17% export share. As a reminder, Bangladesh and Saudi Arabia not only started purchases of the Ukrainian product, but also got significant niches in the export structure, 4% each.

Further prospects of the oilseeds/vegoils market in the Black Sea region countries will be discussed at the V International Conference “Black Sea Oil Trade”, which will take place on September 19, 2017 in Hilton hotel, Kiev, Ukraine.

Annual International Conference “Black Sea Oil Trade” – is an effective platform, providing oilseed industry operators with vast networking opportunities, exclusive analytics of Ukrainian and Black Sea agri market, insights for development of the long term business strategies.

Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, agriholdings, investment companies, banks, legal, shipping, brokerage, insurance, surveyor companies etc.

Market operators from 25 countries have already registered to take part. 

Follow the updates, Agenda and Speakers at the conference website.

 

UkrAgroConsult

 

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