In October, exports of Ukrainian sunflower meal to China increased significantly

Published Nov 22, 2023

Tridge summary

In October 2023/24, Ukraine's exports of sunflower meal increased by 28% compared to September, with China accounting for the highest volume of exports in the last 7 months. However, overall exports to China have decreased by 47% in the first two months of the new season compared to the previous year. There is increased competition between Ukrainian and Russian sunflower meal in the Chinese market, but China's purchase of Russian meal is inconsistent and there is no clear upward trend, although recent expansion of Russian suppliers may impact future supplies.

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

Original content

According to operational data, exports of sunflower meal from Ukraine in October 2023/24 MY increased to 359 thousand tons, which is 28% more than in September, but 2% lower than in October 2022. The increase in the reporting month occurred mainly due to account of China, where the maximum volume of this product was exported in the last 7 months - 144 thousand tons (an increase of 2.4 times compared to September), which was facilitated by an increase in shipments of products from the ports of Odessa. However, over 2 months of the new season, exports of Ukrainian sunflower meal to China decreased by 47% compared to the same period in 2022/23 MY. It should be noted that there is increased competition in the Chinese market between Ukrainian and ...

Source: Oilworld