Ukrainian refined sunflower oil exports are forecast at a level of 500 thousand mt in the 2023/24 season

Published Nov 8, 2023

Tridge summary

Despite the ongoing war, sunflower oil producers in Ukraine have adapted and refined their strategies to continue operations. In the 2022/23 season, there was a 7% increase in exports of refined sunflower oil, with Ukraine exporting to almost 120 countries. While EU countries remained key importers, their share decreased to 40%, and Turkey, Malaysia, and Jordan emerged as top importers. However, in the next season, there is an expected decrease of 7-8% in total sunflower oil exports and 8.6% in refined sunflower oil exports.

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

Original content

Sunflower oil producers of Ukraine continue to operate in the context of the war, adjusting their strategies to the realities of the current situation. Sunflower oil refining was one of the ways to solve current problems and continue the operation of the crushing industry. – total exports of sunflower oil (+25% compared to 2021/22); – incl. exports of refined sunflower oil (+7%). Ukraine exported refined sunflower oil to almost 120 countries. EU countries remained the key importers, but their share decreased to 40% against 45% a season earlier. Turkey, Malaysia and Jordan appeared among the top importers in the 2022/23 season. In 2023/24 season, the total export of sunflower oil is expected to decrease by 7-8%, refined sunflower oil – by 8.6%. Full version of the article is available to subscribers of ‘BLACK SEA VEGOIL’ Weekly Report by ...

Source: UkrAgroConsult