Exports of sunflower meal from Moldova decreased to 59.9 thousand tonnes

Published 2024년 7월 24일

Tridge summary

In the first half of 2024, Moldova experienced a significant decline in sunflower meal exports, dropping to 59.9 thousand tons, nearly half of the previous year's volume, with a noticeable halt in transactions by June. The average export price also fell by 15.6% to 3.94 lei/kg. Romania remained the main export destination, while Cyprus emerged as a new market. Imports of sunflower meal were minimal at 735 tons. Additionally, sunflower oil exports from Moldova decreased by 45% to 68.3 thousand tons during the same period.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the first half of 2024, the export of sunflower meal from Moldova decreased significantly. This is evidenced by the analysis of the agro market expert Yurii Rii, Agroexpert reports. In January-June 2024, the country exported only 59.9 thsd tons of sunflower meal, down almost two times compared to the same period last year. The decline in exports became evident in May, and in June there were no transactions with this product. Prices were also not in favor of exporters: in 2024, the average export price was 3.94 lei/kg (36 UAH), which is 15.6% less than 4.67 lei/kg in 2023. In terms of export destinations, Romania remained the main market, followed by the new destination of Cyprus. Other countries that received meal from the Republic are Italy, Turkey, Egypt and Morocco. Imports of meal to Moldova amounted to only 735 tons, which is more than 200 times less ...

Source: UkrAgroConsult