Ukraine opened 15 new markets for sunflower oil in 2015/16 season

26.08.2016

In June 2016 sunoil exports from Ukraine reached 439 KMT, which was a record high for this month. For instance, 349 KMT of sunoil were exported in June 2015.

According to UkrAgroConsult, since the beginning of season 2015/16 (September-June) Ukraine shipped abroad 3865.1 KMT of sunflower oil compared with 3357 KMT during the last 2014/15 season. That was also an all-time high for the specified period.

Europe (1264.8 KMT or 32.7%) takes the first place among the major importers of sunflower oil from Ukraine, surpassing India, the leader of this product imports (1186.0 KMT or 30.7%).

Besides, this season Ukraine has increased exports of sunflower oil to China to 520.1 KMT (13.5%) that was 73 KMT higher than exports over the same period last season.

In the current season Ukraine has opened more than 15 new markets, they are mostly African and the Middle East countries.

Taking into account the estimates of sunflower seed production and crushing during the next 2016/17 MY, UkrAgroConsult expects new records of sunflower oil exports, as well as further diversification of markets.

Further development of Ukrainian oilseeds/vegoils/meals market in the 2016/17 season will be discussed at the IV International Conference “Black Sea Oil Trade-2016”, September 7, 2016, Kyiv, Ukraine. Organizer - consulting agency UkrAgroConsult.

 

 

UkrAgroConsult

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