Exports of Ukrainian sunflower oil exceeded 4.4 million tons

Published 2024년 5월 3일

Tridge summary

Ukraine has seen a 16% increase in sunflower oil exports in the current agricultural season, reaching over 4.4 million tons, which is the second highest volume on record. This increase is due to the competitive pricing of sunflower oil compared to other oils, leading to increased demand from global importers. Experts predict a 4% to 5.6 million ton increase in total sunflower oil shipments for the 2023/24 season. However, a decrease in sunflower processing is expected in the coming months due to depletion of internal reserves, which is likely to result in a decrease in exports of finished products by the end of the season.

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-April), Ukraine has sold over 4.4 million tons of sunflower oil to foreign markets, which is 16% higher than the level in the same period of the last agricultural year, according to APK-Inform data. According to agency analysts, the current export volume is the second largest on record: more oil was shipped only in September-April 2019/20 MY (4.49 million tons). “The increased demand for these products from key global importers was facilitated by a more attractive price for sunflower oil compared to other oils, as a result of which Ukrainian factories actively increased sunflower processing,” experts explained. They also increased their estimate of the final volume of sunflower oil shipments for 2023/24 MY by 4% to 5.6 million tons. At the ...

Source: Milknews