Ukraine increased vegetable oil exports to the EU by more than a quarter

Published 2024년 2월 1일

Tridge summary

A report by the European Commission reveals that Ukraine has increased its supply of various vegetable oils to the European Union by 26% since July last year. The most significant increase was in the export of rapeseed oil, which rose 2.1 times to 98,375 tons. Sunflower oil exports also saw a 27% increase, while soybean exports decreased. The report suggests that these trends could be influenced by high product prices, domestic supply shortages, and changes in demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ukraine has increased the supply of various types of vegetable oils to the territory of the European Union since July last year (the beginning of the agricultural year in the country for oilseeds and their processed products - ROSNG) by 26 percent or 316 thousand tons (in official statistics, instead of liters, milliliters, etc. are indicated tons) from the same date last year to one and a half million tons. This is reported in the European Commission report. Most noticeably, it increased the export of rapeseed – 2.1 times to 98,375 tons. In exact figures, this is 42,425 tons more than last year. Thanks to this, the share of its supplies increased from 16.3 to 38.3 percent. The reason for this breakthrough increase can be attributed to the very serious demand in the bloc countries for this type of oil. Independence's competitors in this market are Great Britain, the United Arab Emirates, Serbia and Belarus. The first of them increased supplies to 53,950, the second - 23,500, the ...
Source: Rosng

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