Sunflower oil exports of Ukraine is the lowest in the last 3 seasons

Published 2021년 5월 23일

Tridge summary

In the September-April 2020/21 period, Ukraine's sunflower oil supply to foreign markets saw a significant decrease, dropping by 13.5% to around 4 million tons, as per a report by UkrAgroConsult. This decline marks the lowest supply in the past three marketing seasons. The country's export potential for the 2020/21 marketing period also saw a reduction of 19%, reaching 5.38 million tons.

The export dynamics in key markets experienced shifts, with China's share increasing by 40%, India's share decreasing by 7%, and the European Union's share decreasing by 33%. The Republic of Korea, Libya, and Saudi Arabia saw the highest growth in export volume, with increases of 144%, 56%, and 26% respectively, while exports to Spain, Iraq, and Italy saw significant decreases.

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

Original content

Sunflower oil supply to foreign markets reached approximately 4 million tons in September-April 2020/21 period, it was the lowest of the last 3 marketing seasons. According to the report prepared by the analysts of UkrAgroConsult, the sunflower oil supply offered by Ukraine to foreign markets reached approximately 4 million tons. This is 13.5% lower than the same period last year. It was stated that the export potential for the 2020/21 marketing period was reduced to 5.38 million tons (19% lower than 2019/20) within the export limit specified in the contract between the Ukrainian Ministry of Economy and Ukroliyaprom. While China's share in export dynamics in key sales markets increased by 40%, India's share decreased by 7% and the share of EU countries ...

Source: Ukrhaber