Sunflower oil is cheaper than olive oil in Ukraine

According to the expert, the announced decline in prices for sunflower oil was caused by changes in world market prices. Ukraine is the largest exporter of sunflower oil in the world, but prices for the product for Ukrainians themselves are much higher than for residents of other countries. This was reported by economist, former Minister of Finance Igor Umansky, writes agronews.ua. “Ukraine is the largest exporter of sunflower oil in the world. Over the last year, we have exported 381,000 tons of product. Oil prices jumped at the beginning of the year from 30-35 hryvnias per bottle (0.8 liters) to 70 hryvnias per liter. For the next six months, the government either did not respond or pretended to resolve the issue. Meanwhile, the cost of sunflower oil is close to the cost of simple varieties of olive oil, ”said the economist. According to the expert, the announced decline in prices for sunflower oil was caused by changes in world market prices. "In August, the government ...