Ukraine: Vegetable oil refining segment holds positions

Published 2023년 2월 8일

Tridge summary

The Ukrainian oil and fat industry has seen a 14% decrease in sunflower oil exports in the first four months of the 2022/23 marketing year due to various challenges such as low sunflower harvest and power outages. However, the shipment of refined oil has seen a 2.6% increase and is stabilizing despite some slowdown. The share of refined oil exports in Ukraine's total exports remains the second highest at 10.6%. The European Union has strengthened its position as a key importer, accounting for 53% of exports in the current season, with Turkey, Malaysia, and Jordan being the top importers. The refining segment for the 2022/23 marketing year remains optimistic, with the potential to increase the share of refined oil exports to 12% if monthly shipments remain above 40 thousand tons.

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

Original content

The oil and fat industry of Ukraine continues to work in the context of the conflict, adjusting to the realities of the current situation (low sunflower harvest, power outage, problems in the sale of products, low capacity of the "grain corridor", etc.). The total export of sunflower oil in the first four months of 2022/23 MY decreased by 14%, while the shipment of refined oil increased by 2.6%. The trend continued in the current season, when the processing industry was forced to partially reorient itself from the export of crude oil to a refined product. The pace of shipments of refined oil has slowed down, but they look pretty stable. The average monthly shipment in the current season is slightly higher than last year's figure based on the results of MY 2021/22. The share of refined oil exports in total exports has decreased, while it remains the second indicator for Ukraine - 10.6%. In the structure of export geography, the position of the EU states continued to strengthen. If, ...

Source: Oilworld