In June, butter imports may decline and exports may increase

Published 2020년 6월 22일

Tridge summary

Ukrainian oil producers are facing challenges as the country continues to import oil and likely will not establish exports this year. Domestic oil prices are not expected to rise, and may even decrease. Despite a large supply, oil exports have dropped by 20% in May to 840 tons due to operators trying to sell at high prices, which has led to increased imports. The top five countries purchasing Ukrainian oil are Azerbaijan, Moldova, Georgia, Armenia, and Kazakhstan, while the top five countries importing oil to Ukraine are the Netherlands, Poland, Belgium, Germany, and Denmark.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ukrainian oil producers are not inspired by this trend for two reasons: first, it means that oil will continue to be imported, and secondly, to establish exports of Ukrainian oil to foreign countries this year is unlikely. Accordingly, oil prices in the domestic market will not increase, and may decrease. Despite a fairly large supply, oil exports remain low. In May, it decreased by 20% to 840 tons. The figure is twice less than it was in May 2019. The reason is one - the desire of operators to sell goods at prices much higher than the world. But because it does not work out, the import of oil in large quantities continues. However, in May the goods became more expensive and those wishing to be engaged in import became much less. Therefore, we can assume that the figures for June statistics on the import of butter will be much more modest. But exports will still increase, although ...
Source: MilkUA

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