High rates of export of oilseeds from Ukraine support purchase prices

Published 2022년 12월 9일

Tridge summary

Ukraine's industrial enterprises, including SEZs and port infrastructure, are facing challenges due to energy supply interruptions, leading to a shift in oil crop exports towards the EU rather than processing. This shift is a response to significant delays in vessel inspections by Russian inspectors as part of the SCC, which have slowed down grain and processed product exports through grain corridors in November and December. From December 1-8, 159,000 tons of sunflower meal were exported, with over 70% going to China, and domestic prices have increased due to the shutdown of processing plants. However, demand prices from the EU are beginning to decrease.

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

Original content

Interruptions in energy supply hinder the work of industrial enterprises of Ukraine, in particular, SEZs and port infrastructure, as a result of which oil crops are sent for export, and not for processing. This is reported by analysts of the GrainTrade electronic grain exchange. The active export of grain and processed products in September and October through the grain corridors slowed down significantly in November and December against the background of artificial delays in the inspection of vessels by Russian inspectors as part of the SCC, so traders are reorienting supplies towards the EU. According to the Ministry of Agriculture, in the first decade of December, the export of oil crops and sunflower oil from Ukraine slowed down, while the export of sunflower meal increased sharply. During December 1-8, 159,000 tons of sunflower meal were exported, of which more than 70% or 112,400 tons were shipped to China. In the current season (since September 1), 1.2 million tons of ...

Source: Agrotimes