Ukraine opens new market for sunflower oil

17.08.2016

On August 05, 2016 authorized representatives of Ukraine and Indonesia signed a memorandum on cooperation between the agricultural ministries of these two countries. At this stage, a free trade zone is being discussed. Mutual interest in cooperation is expected to trigger increase in export-import flows of crop products. Oilseeds and their processed products occupy not the last place here. In this segment Asian countries are traditionally considered to be attractive and promising for Ukrainian oilseed commodities.

Considering sunflower seed and sunflower oil production estimates for the 2016/17 marketing year in the world, Black Sea region and particularly Ukraine, in the new season the issue of markets diversification will beсome even more topical. Here Ukraine has a great chance to meet the growing demand for oil-and-fat complex commodities from Indonesia.

Full version of the article is available to subscribers for weekly market report “Black Sea Vegoils & CIS” and “Online market review” by UkrAgroConsult.

 

 

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