Ukraine is increasing sunflower processing this season

According to preliminary data from the APK-Inform news agency, in January of the 2023/24 season, the volume of sunflower processing decreased slightly compared to the December figure (-10%), amounting to about 1.4 million tons, which is 36% higher than in January 2023 . The reduction in processing in this month was primarily due to the traditional New Year holidays in a number of importing countries, a slight slowdown in sunflower oil exports amid difficulties with shipment due to weather conditions in the Black Sea in early January, as well as due to the escalation of the conflict in the Red Sea. At the same time, we note that for the third month in a row, sunflower processing in Ukraine exceeds the figures of the previous season. In total, according to preliminary estimates, in September-January 2023/24 MY, processing of this oilseed increased to 6.5 million tons, which is 9% higher than in the same period of the previous season and is about 53% of the company’s processing ...