Ukraine. New season brought a new record in sunoil exports

16.11.2017

Sunoil exports hit an all-time high of 537 KMT in October 2017/18 that is 73% more than in the previous month (310 KMT) and up almost 24% from October 2016 (434 KMT), reports UkrAgroConsult.

In addition, sunoil export shipments also set a new record in the first two months of MY 2017/18 (September-October): 847 KMT against 706 KMT a year ago (+20%).

Despite a sunseed crop decline and lower crushing early in the season, the demand from international consumers was met without slowing down sunoil exports due to adequate carryovers of the commodity.

As before, the key export destinations for Ukrainian sunoil in the new 2017/18 season are India (39% of total exports), EU countries (28%) and China (20%); their purchases follow an upward trend.

Egypt and Turkey slashed sunoil purchases from Ukraine and yielded their leading positions to Malaysia, which accounts for 2% of the market.

 

UkrAgroConsult

Readers choice: TOP-5 articles of the month by UkrAgroConsult