Ukraine set a new historical record in sunflower exports

Published 2023년 3월 13일

Tridge summary

Ukraine's sunflower seed exports have hit a record high of 1.54 million tons in the first half of the 2022/23 season, with the European Union and Turkey being the primary importers. Bulgaria and Romania were the top recipients among EU countries. However, there has been a decline in export demand and prices due to an oversupply in Europe, particularly in its eastern regions. The operation of the grain corridor also continues to hinder domestic processing, leading to a steady supply of Ukrainian sunflower seeds to the export market, with an estimated 800-900 thousand tons still available for export in the second half of the season.

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Original content

Ukraine's sunflower seed exports from the start of the 2022/23 season (September-February) reached a new historical high of 1.54 million tons, APK-Inform analysts reported, citing operational data. Almost 80% of the total export of oilseeds is to EU countries and 19% to Turkey. By countries, the leaders among importers are Bulgaria (429 thousand tons of sunflower were shipped in this direction; the share in total imports is 28%) and Romania (406 thousand tons; 26%). "It is worth noting that the last few months have seen a gradual decline in the export of oilseeds from Ukraine, due to a decrease in demand and importer prices against the background of sufficient supply of sunflower in Europe, especially in its eastern part. This is also influenced by an increase in the load on logistics when exporting through the western Ukrainian border," the analysts explain. At the same time, the work of the grain ...

Source: Agrozona