Ukraine: The export of sunflower oil approached record levels

Published May 3, 2024

Tridge summary

Ukraine's sunflower oil exports for the September-April 2023/24 financial year reached over 4.4 million tons, a 17% increase from the previous year and the second highest export volume on record. The higher exports are due to a more competitive price for sunflower oil compared to other vegetable oils. However, experts predict a decrease in exports starting May-August due to exhaustion of sunflower reserves, despite the current season's increased export estimate of 5.6 million tons.

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

Original content

The export of sunflower oil from Ukraine in September-April 2023/24 FY amounted to more than 4.4 million tons, which exceeded the figure for the same period of the previous season by 17% and became the second largest export volume in history after the indicator of 2019/20 FY (4 .49 million tons in September-April). This was reported by IA "APK-Inform". "A more attractive price for sunflower oil compared to other vegetable oils contributed to the increase in demand for this product in the current season on the part of key global importers, as a result of which Ukrainian factories actively increased sunflower processing," - explained in APC-Inform. Analysts also note that an important factor is the provision of relatively stable shipments of oil by sea transport. The estimate of sunflower oil exports for the 2023/24 season was increased by APC-Inform experts to 5.6 million tons (+4% to the April estimate; -1% to 2022/23 MR). However, considering that about 79% of the forecast has ...

Source: Agrotimes