Ukraine will set the record of sunflower oil export - Feofilov

08.09.2016

Ukrainian oil and fat industry is increasing its overseas shipments, according to the Director General of "UkrAgroConsult" agency Sergei Feofilov.

Feofilov reported that in the current season (September 2015 - August 2016) about 4.5 million tons of sunflower oil will be exported.

The final data on production and external supply of oil is expected in late September.

This is about 0.5mln tons more compared to the previous year (according to the "Ukroliyaprom" Association, in 2014/2015 marketing year, Ukraine produced 4.4mln tons of sunflower oil and exported 4mln tons).

For the last marketing year, our traders have discovered at least 15 new markets, represented mainly by countries in Africa and the Middle East.

"Enough high demand for sunflower oil and attractive prices have stimulated the growth of its production in 2015/2016 MY until the end of the season," according to the "UkrAgroConsult".

Given the high forecasts for production and processing of sunflower for the next year, experts of "UkrAgroConsult" are confident that in the new season, we can expect new records for export shipments and further diversification of markets.

In the 2016/2017 marketing year oilseeds valued of $3.5bln will be exported, according to the Director General of "UkrAgroConsult."



UBR

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