Ukraine. Sunseed exports at a minimum level

13.09.2018

Ukraine exported 1.9 KMT of sunseed in July 2018. This is down 64% from the previous month, but up 19% from July 2017.

Export shipments in the current 2017/18 season (September-July) were much lower than a year ago (36.8 KMT against 189.4 KMT, respectively), reports UkrAgroConsult. In addition, in the period since 2000, lower sunseed exports in these months were only registered in MY 2004/05 (just some 11 KMT). Exporters cannot withstand competition with domestic crushers for the raw material.

In the current 2017/18 season, the sunseed export market in Ukraine features not only a decreased number of importers, but also narrowing of remaining end markets.

At the same time, European countries absorbed almost 80% of total sunseed exports. Turkey received 6%, Libya and Iran accounted for 2% each, but the volumes shipped there did not exceed 2 KMT.

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. 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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