Oil becomes more expensive and the production of spreads increases in Ukraine

Published 2021년 11월 2일

Tridge summary

The price of butter in the European market is experiencing a rapid increase, leading to a surge in interest in Ukrainian butter imports. Due to the high cost of Polish oil imports, Ukrainian oil has emerged as a cheaper alternative, sparking plans to sign export contracts. Despite the current high prices, Ukrainian oil prices are expected to rise further due to a seasonal reduction in output, which has decreased by 12% in the first three quarters. This decrease is expected to worsen due to rising gas prices leading to the refusal of operators to dry milk, necessitating the production of spreads and other vegetable-cream mixtures. However, the production of these products has so far been lower compared to the same period last year, with a significant increase anticipated in the fourth quarter.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The price of butter on the European market is showing rapid growth. If until recently large volumes of goods were imported from Ukraine to the EU, now traders are already thinking of buying Ukrainian goods for the EU. And this is not surprising, because the cost of imports of, for example, Polish oil now exceeds the mark of 205 UAH / kg. Not cheaper theoretical imports of goods from Belarus. In general, traders have stopped concluding new import contracts. In Ukraine, you can still find 82% oil at 165 UAH / t. But mostly operators put goods up for sale at a price higher than 175 UAH / t. Thus, Ukrainian oil turned out to be cheaper than all our neighbors and beyond. This means that export contracts will be signed in the near future. That is, oil in Ukraine will continue to rise in price. Other factors will be joined by a seasonal reduction in output. According to official statistics, oil production in Ukraine for three quarters decreased by 12% to 58.8 thousand tons (in fact, the ...
Source: Agroconf

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.