Ukrainian refined sunoil matched Asian consumers’ taste

07.03.2017

Refined sunoil production in Ukraine has been fluctuating within 550-675 KMT a season over the last several years. Although the current marketing year features a bumper crop and a record fast sunseed crushing, production of refined sunoil in the past five months of 2016/17 is at its three-year average of 264.2 KMT, reports UkrAgroConsult.

Even in the conditions of relatively stable production Ukrainian crushers managed to boost foreign sales of refined sunoil. So, exports reached a record 160 KMT in the first five months of the current season – they almost doubled against MY 2013/14.

Over the recent years the geographical range of refined sunoil export destinations has not only widened but also undergone some changes. The diversification of markets was performed through expansion towards Asian countries, which replaced European counties as top importers by the current season 2016/17.

The three largest buyers of Ukrainian refined sunoil now include Malaysia, Egypt and the UAE.

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

 

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