Ukraine continues to export oil raw materials at a high rate

Published Feb 14, 2023

Tridge summary

The article provides an overview of Ukraine's agricultural market, focusing on the performance of oilseeds and oilseed products for the 2022 harvest, as reported by UkrAgroConsult. It highlights a decrease in ending stocks of sunflower and soybeans, leading to a potential oilseed shortage in June, despite higher planting and harvesting areas under Ukrainian control. Despite lower sunflower oil and sunflower meal exports compared to the previous year, oilseed exports have seen an increase. UkrAgroConsult anticipates that crushers will have a stronger hand in the market for the 2023/24 marketing year due to logistical advantages and shorter payment terms, positioning them favorably against exporters.

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

Original content

Methodology: All calculations are based on planted and harvested areas only in the regions under Ukrainian control; Data on the harvest 2022 results is preliminary; The volume of the “gray” market based on UkrAgroConsult’s expert assessments Availability of statistics reports on the rates of oilseed and oilseed product exports. The oilseeds stocks include sunflower seed, soybeans, rapeseed. Their exports exceed last year’s levels impressively. Sunflower oil and sunflower meal exports lag behind last year. The “grain corridor” is the key logistical factor making it possible to realize fully the export potential. UkrAgroConsult once again revised downward the ending stocks of sunflower and soybean. Despite initial expectations of record high stocks, crushers may face a shortage of oilseeds in June, well before end of the season in August. UkrAgroConsult’s estimates indicate a stronger position of crushers compared to exporters in the competition for oilseeds in 2023/24 MY mainly due ...

Source: UkrAgroConsult