Ukrainian sunflower oil exports to the EU on the rise

Refined Sunflower Oil
Published Mar 1, 2024

Tridge summary

Between July 1, 2023, and February 22, 2024, Ukraine saw a significant increase in its vegetable oil exports to the EU, with a total of over 1.72 million tons exported, marking a 33% rise from the previous year. This included a 34.7% increase in sunflower oil and a more than double increase in rapeseed oil exports. However, soybean oil exports saw an 8.5% decrease. While meal exports remained steady, there was a notable decline in oilseed sales, particularly in sunseed, rapeseed, and soybean exports.
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

From July 1, 2023 to February 22, 2024 Ukraine exported over 1.72 million tons of vegetable oils to the EU countries. This data was published in a report by experts of the European Commission. Shipments of these products increased by one third compared to the same period last year (1.3 million tons). It is noted in the materials that supplies of Ukrainian sunflower oil to the EU for almost 8 months increased by 34.7% – up to 1.47 million tons. Shipments of rapeseed oil increased 2.2 times – up to 111.85 thousand tons. Exports of soybean oil, on the contrary, dropped by 8.5% to 141.6 thousand tons. As for meal of Ukrainian origin, in the reporting period its sales to Europe amounted to 1.115 million tons against 1.111 million tons a year earlier. According to the EC, exports of soybean and rapeseed meal increased by 16% and 170% to 272.7 thousand tons and 139.3 thousand tons, respectively. Sunflower meal shipments decreased by 15% to 703.4 thousand tons. In the category of oilseeds ...
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