Ukraine exported some 5 MMT of sunflower oil

20.08.2018

Despite a decline in shipments over the last four months, the seasonal volume remains close to a record level, reports UkrAgroConsult. So, 4963 KMT of sunflower oil was shipped abroad in September-July 2017/18 against 5428 KMT a year ago.

In July, the gap behind last season’s record widened to 8.5%. Sunflower oil exports from Ukraine totaled some 422 KMT in July 2017/18 that is down 3.2% from the previous month and down 17.3% from July 2016/17.

As before, the top destinations for Ukrainian sunflower oil exports include India (45% of total exports), EU countries (26%) and China (9%). At the same time, India increased purchases by 21.4% versus 2016/17 despite raised import duty, while the EU and China, on the contrary, reduced them by 17.5% and 13.9%, respectively. The total number of trading partners in the sunflower oil market exceeds 120 countries, including new export destinations.

Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting 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. More than 100 delegates from 20 countries have already registered for participation in the International Conference «Black Sea Oil Trade». 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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