News

The competition between Ukrainian and Russian sunflower oil will intensify more and more

Refined Sunflower Oil
Russia
Innovation & Technology
Ukraine
Market & Price Trends
Published Oct 24, 2023

Tridge summary

Competition between Ukrainian and Russian sunflower oil will remain high in FY2023/24, with Ukraine being the largest exporter despite disruptions in logistics chains. However, Ukraine's share in world exports is decreasing due to the growth of sunflower oil exports from Russia. The main battleground for this competition is in countries like India and China, where Russia is becoming the main supplier of sunflower oil to China and increasing pressure on Ukraine's market share in India.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

However, Ukraine's share in world exports is decreasing due to the growth of sunflower oil exports from Russia. "The pressure on the Russian Federation is increasing more and more... Russian products are under pressure due to the improvement of quality, price and growth of sunflower production," the expert explained. The main "battlefield" in this confrontation is India and China, other countries in Asia and Africa, she added. "Russia is becoming the main supplier of sunflower oil to China... The Chinese are interested in Ukrainian oil, but they will buy it only from Ukrainian ports, specifically those shipped from ports. As for India, Ukrainian products retain their market share, but the pressure from Russia is increasing," V. Blazhko emphasized. She also drew attention to the important news for ...
Source: Agravery
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.