Tridge summary
In May of the financial year 2023/24, Ukraine achieved a 14% increase in sunflower oil exports compared to April, reaching 714,000 tonnes, the highest monthly volume since January 2021. This makes it the third largest monthly shipment in the country's history. From September to May of the same year, Ukraine exported a record 5.14 million tons. The high demand for sunflower oil due to its competitive pricing compared to other vegetable oils, coupled with the stable operation of Ukrainian ports, has been a significant factor in this active export season. The European Union continues to be the primary market for Ukrainian sunflower oil, with a 60% share. Despite an anticipated decrease in processing and supply from June to August, the EU remains optimistic about the potential increase in sunflower production in Ukraine for the 2024/25 season, forecasting an increase in exports to 260,000 tons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
714,000 tonnes of sunflower oil were exported from Ukraine in the month of May of the financial year 2023/24. This is up 14% from April and the highest monthly volume since January 2021. According to Ukrainian analysts, for the entire history of the warring country's export of this product, this is the third largest monthly shipment volume. In the period September-May 2023/24, a record 5.14 million tons of sunflower oil were exported from the country, according to agroportal.ua. "One of the main factors contributing to the active export of sunflower oil this season was the high demand for the oil against its competitive price compared to other vegetable oils. In addition, the stable operation of Ukrainian ports ensured an almost continuous supply of the product," the experts explain. In June-August 2023/24, a decrease in the processing and, accordingly, in the supply of sunflower oil is expected, and not only from Ukraine, but also from the Black Sea region as a whole. The key ...
Source: Agri
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