Ukraine increased production and export of sunflower oil by 25.4%

Published 2023년 9월 11일

Tridge summary

Ukraine saw a significant increase in the production and export of sunflower oil in the 2022/2023 marketing year, with a 25.4% increase compared to the previous year. This was attributed to an increase in the processing of sunflower seeds within the country after the ban on its import by some EU countries. However, there has been a decrease in the export of sunflower seeds, prompting the need for greater processing within the country and addressing logistical challenges for exporting sunflower oil and meal. A significant increase in the processing of rapeseed was also noted, leading to a substantial increase in rapeseed oil exports.

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

Original content

In the 2022/2023 marketing year, Ukraine increased the production and export of sunflower oil by 25.4% compared to the 2021/2022 financial year. This was reported in "Ukroliyaprom". "One of the main features of the 2022/23 MR was a significant increase in the processing of sunflower seeds at domestic facilities, starting from 2023, after the ban on its import by some EU countries. This made it possible to significantly increase the processing of sunflower seeds within the country, and accordingly, the production and export of sunflower oil - by 25.4% and sunflower meal - by 27.3% compared to the 2021/22 MR," the message states. In 8 months of 2023, the export of sunflower seeds decreased by 58% compared to the corresponding period of 2022, which made it possible to significantly increase its processing at domestic facilities and, accordingly, the production and export of products with high added value. In FY 2022/23, soybean oil production and export increased by 18%, soybean meal ...

Source: Agroconf