In June, Ukraine increased the export of sunflower meal to China

Published 2024년 7월 9일

Tridge summary

Ukraine saw a 7% decrease in sunflower meal exports in June, totaling around 412,000 tons, which is the highest for the month but a decrease from May. The majority of the decrease was due to a 40% drop in shipments to the EU, with the lowest monthly export figure to the EU since May of the previous year. However, exports to China have been increasing, reaching 214,000 tons in June, the largest monthly export volume to China since January 2023. Throughout the current season, Ukraine has exported a total of 4.2 million tons of sunflower meal, a 21% increase from the previous season, with the EU making up 43% of the sales market.

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

Original content

According to preliminary data, about 412,000 tons of sunflower meal were shipped from Ukraine to foreign markets in June, which is 7% less than the previous month, but it was the highest volume for this month in history. This is reported by APC-Inform. Analysts note that the decrease in exports was mainly due to a 40% decrease in shipments to the EU countries - to 105,000 tons. This is the lowest monthly export figure in this direction since May last year. At the same time, the export of sunflower meal to China in June increased for the third month in a row, reaching 214,000 tons (+3% to May), which became the largest monthly export volume for this direction since January 2023. A total of 4.2 million tons of meal were exported from Ukraine since the beginning of the current season (September-June), which was 21% higher than in the same period of the previous season and became the second largest volume of exports for the specified period in the entire history after 2019/20 MR (4.5 ...

Source: Agrobusiness