Export of sunflower oil from Ukraine decreased by 20%

In October, Ukrainian sunflower oil exports amounted to 407,000 tons, which is 50,000 tons higher than the previous month, but is inferior to the export in October 2022 (454,000 tons), Shareuapotential writes with reference to customs statistics. Follow the news in a convenient format: Follow us on Twitter In just the first two months of the 2023/24 season, Ukrainian companies exported 764,000 tons of sunflower oil, which is 21% less than 963,000 tons a year ago. Analysts note that as a result of a significant decrease in domestic sunflower prices after the start of the new harvest in Ukraine, there is a slight increase in its export — in October it amounted to 30,000 tons (compared to almost zero exports in previous months). But sunflower exports are still much lower than during most of 2022 and early 2023 (from April 2022 to March 2023, Ukraine exported 3.3 million tons). Competition between processors and the reluctance of Ukrainian farmers to sell sunflowers at low prices, ...