Export of Ukrainian sunflower meal to China sets records

Published Jul 8, 2024

Tridge summary

In June, Ukraine exported 412,000 tons of sunflower meal, marking a 7% decrease from the previous month but the highest historical volume for June. Exports to the EU fell by 40% to 105,000 tons, the lowest since May last year, while exports to China rose for the third consecutive month to 214,000 tons. From September to June, Ukraine's total meal exports reached 4.2 million tons, 21% higher than the same period last season and the second-largest volume historically. The EU remains the primary market with a 43% share, and a new EU import duty on Russian and Belarusian products may enhance the appeal and prices of Ukrainian meal.

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

Original content

In June, according to preliminary data, about 412,000 tons of sunflower meal were shipped from Ukraine to foreign markets, which is 7% less than the previous month, however, it was the highest volume for this month in history. APK-Inform writes about this. The decrease in exports was mainly due to a 40% decrease in shipments to the EU countries - to 105,000 tons. It should be noted that this is the lowest monthly export figure in this direction since May last year. At the same time, the export of sunflower meal to China in June increased for the third month in a row, reaching 214 thousand tons (+3% to May), which became the largest monthly export volume for this direction since January 2023. A total of 4.2 million tons of meal were exported from Ukraine since the beginning of the current season (September-June), which was 21% higher than in the same period of the previous season and became the second largest volume of exports for the specified period in the entire history after ...

Source: Agravery