Ukraine. Soybean oil exports reached a record in 2017/18 season

03.05.2018

Soybean oil exports in 2017/18 (September-March) reached a record 104.2 KMT that is up 3.3% on the year (100.9 KMT), reports UkrAgroConsult.

Ukrainian soybean oil exports totaled 19.6 KMT in March 2018. This is as much as in the previous month but down 17.3% from March 2017, when export supplies from Ukraine hit an all-time high of 23.7 KMT.

UkrAgroConsult expects 2017/18 soybean oil exports at record high level of 160 KMT.

As before, this season’s top importers of Ukrainian soybean oil include the EU (42% of total exports), China (23%) and India (11%). At the same time, China boosted purchases by almost 83% and thereby outpaced India, which, in turn, reduced its trading activity in the market by 61%.

The diversification of end markets for Ukrainian soybean oil continues this season. So, countries such as Kuwait, the Virgin Islands, Singapore have joined the ranks of importers this season. In March, Denmark and the Republic of Korea started purchases too.

More information on oilseeds and vegetable oils market developments 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.

Annual International Conference “Black Sea Oil Trade” – is an effective platform for networking with oilseed industry operators and discussion of the latest drivers in oilseed and vegoil sector of Ukraine and Black Sea region.

Growing role of Black Sea countries and rising demand for high-quality information and analysis determine significance and importance of “Black Sea Oil Trade” Conference which is entirely devoted to oil and fat sector.

In 2017 International Conference «Black Sea Oil Trade» attracted 250 delegates from 25 countries and 150 companies. 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.

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