Moldova exported 0.5 mln tons of sunseed in MY 2023/2024

Published 2024년 7월 26일

Tridge summary

In the 2023/2024 agricultural season, Moldova exported 504.5 thousand tons of sunseed as raw material, more than doubling from the previous season. However, exports of processed products like sunflower oil and meal decreased by 17% and 13%, respectively. Agro-market analyst Jurie Ria highlighted the economic benefits of exporting higher value-added processed products and stressed the need for alternative raw material sources to ensure production continuity and economic stability. Notably, sunflower oil exports in the first half of 2024 dropped by 45% compared to the same period last year, while meal exports nearly halved.

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

Original content

In the agricultural season 2023/2024, 504.5 thsd tons of sunseed were exported as raw material – an increase of more than 2 times compared to the previous season. As for processed products, the volume of exported oil amounted to 191.7 thsd tons, down 17% compared to the previous season. The volume of sunflower meal exports also decreased by 13%, Aroexpert.md reported. “The economy of the Republic benefits much more from the export of processed products with higher added value compared to the export of raw materials. In a free market, sunseed exporters cannot be restricted to selling their products only to domestic processors, which creates complex dynamics in the supply chain. In situations where processors face a shortage of raw material stocks, causing plants to idle, it is crucial that they have access to alternative supplies,” says agro-market analyst Jurie Ria. According to the expert, access to alternative sources of raw materials will ensure the continuity of production and ...

Source: UkrAgroConsult