Ukraine increases exports of sunflower and rapeseed oil

Published 2024년 1월 10일

Tridge summary

Ukraine has significantly increased its export of sunflower and rapeseed oil during the 2023/24 season, with almost 2 million tons of sunflower oil and 356 thousand tons of rapeseed oil being sent abroad from July to December. The high demand for rapeseed oil on the world market and difficulties with sunflower supply during the off-season have contributed to the increase in export volumes. The main destinations for the oil exports were Romania and Turkey for sunflower oil, and the EU and China for rapeseed oil.

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

Original content

Since the beginning of the 2023/24 season (September-December), Ukraine has sent abroad almost 2 million tons of sunflower oil, according to data from the APK-Inform agency. According to experts, product shipments increased by 4% compared to the same period in 2022/23 MY. In particular, in December, the export of Ukrainian oil was the highest since the beginning of 2022 and amounted to almost 672 thousand tons, which is 25% more than the November level. “In addition, this figure was the second highest for December in the entire history of exports of these products from Ukraine,” experts explained. The main volume of oil last month was shipped to Romania and Turkey - in total, these regions accounted for 37% of supplies. Experts also provide data that from July to December 2023, 356 thousand tons of Ukrainian rapeseed oil were exported - this is a record for the first half of the season. “A significant increase in the pace and increase in export volumes of these ...

Source: Milknews