State Fiscal Service of Ukraine released a report on foreign trade in vegoils

05.04.2018

According to the State Fiscal Service of Ukraine, this year’s vegoil exports (January-February) totaled 896.7 KMT to an amount of USD 675.7 Ml, reports UkrAgroConsult.

Ukrainian exporters shipped abroad 851.8 KMT of sunflower, safflower and cotton oils worth USD 641.3 Ml. Traditionally, the largest volumes went to India (USD 321.4 Ml, or 50.1% of their exports in monetary terms), Iraq (USD 48.3 Ml, or 7.5%) and the Netherlands (USD 41.9 Ml, or 6.5%). Exports to other countries totaled USD 229.7 Ml (35.8%). The above commodities accounted for 8.7% of total export revenues.

Soybean oil shipments abroad amounted to 40.5 KMT worth USD 30.3 Ml, while exports of rape and mustard oils totaled 1.2 KMT worth USD 1 Ml.

454.2 KMT of vegoils worth USD 340.8 Ml were shipped to foreign markets in February.

31.6 KMT of vegoils to an amount of USD 26.3 Ml were imported in the first two months of the current year. In particular, these included 29.4 KMT of palm oil (USD 22.2 Ml) and 1.4 KMT of coconut and palm kernel oils (USD 2.3 Ml).

February’s vegoil imports totaled 19.5 KMT to an amount of USD 16.1 Ml.

More detailed information on Ukrainian exports of oilseeds and vegetable oils is available to subscribers to weekly market reports “Black Sea Vegoils”.

 

UkrAgroConsult

 

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