Moldova exports record sunseed, sunflower oil exports fall

Published 2024년 12월 5일

Tridge summary

In November 2024, Moldova set a record in sunseed exports, reaching 91.3 thousand tons, marking a 1.5 times increase from the previous season, despite a decline in other crop exports. Sunflower oil exports resumed but saw a 66% drop from July to November 2024 compared to 2023, due to stagnant oil prices and rising sunflower seed prices, making raw seed sales more profitable. This trend, affecting smaller processing enterprises, is also seen in Ukraine, Romania, and Bulgaria, highlighting the processing industry's vulnerability this season.

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Original content

The Republic of Moldova marks a historical record of sunseed exports, having supplied to foreign markets in November 2024 91.3 thousand tons of oilseed crop. This volume exceeds the results recorded earlier, including massive exports in February and April 2024, when the results were 72-73 thousand tons monthly. Within the 2024/2025 agricultural season, sunseed remains the only crop whose export volume increased by 1.5 times compared to the previous season (July-November). In contrast, exports of other crops are declining. Despite the resumption of sunflower oil exports in November 2024 with a volume of 21.9 thousand tons, the cumulative performance of the July-November 2024 season is modest. Sunflower oil exports fell 66% from the previous season to just 33.2 thousand tons compared to 98.3 thousand tons for the same period in 2023. According to agro-market experts, the reason for the decline is related to the stagnation of Moldovan oil prices, which remain at an average of 15 ...

Source: UkrAgroConsult