Active export of vegetable oils from Ukraine contributes to the recovery of prices
Ukraine
Published Oct 11, 2022
Tridge summary
The active export of vegetable oils from Ukraine contributes to the recovery of prices, which is also supported by the increase in the price of oil and palm oil.
Original content
The war of the Russian Federation against Ukraine has been going on for the eighth month, which has led to the death of hundreds of thousands of people and the destruction of the economy and infrastructure, especially in the east and south. But Ukraine continues to fight and win. The oil and fat industry of Ukraine provides more than 20% of foreign exchange earnings, therefore the rapid reorientation of exports from closed ports to the western borders supported the work of enterprises and the country's economy. According to the Institute of Agrarian Economics National Research Center, in 8 months of 2022, Ukraine exported various oils and fats for $3.652 billion, which is 11% less than the corresponding indicator of 2021, in particular sunflower oil - $3.361 billion or $422 million less. than in the same period last year. At the same time, exports to EU countries, in particular Poland, increased sharply. The first step in the list of importers was occupied by Poland, which ...
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