USDA improved the forecast of Ukrainian sunflower oil exports

Published 2024년 1월 22일

Tridge summary

The USDA has increased the forecast of vegetable oil exports from Ukraine for the 2023/24 season, with analysts expecting Ukraine to export 6.4 million tonnes of vegetable oils, including 5.7 million tons of sunflower oil. This is an increase of 100 thsd tonnes and 100 thousand tons respectively from the previous forecast in December. Additionally, exports of meals are expected to increase by 50 thsd tonnes to 6.05 million tonnes, with a forecast of 4.7 million tonnes of sunflower meal exports.

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

Original content

The U.S. Department of Agriculture (USDA) increased the forecast of vegetable oil exports from Ukraine in 2023/24 MY. This is stated in the January USDA report. Thus, analysts expect Ukraine to export 6.4 mln tonnes of vegetable oils in the current season, which is 100 thsd tonnes more than forecasted in December. Exports of meals will increase by 50 thsd tonnes to 6.05 mln tonnes. The increase in exports of oils will be due to sunflower, the supply of which to foreign markets will amount to 5.7 million tons (+100 thousand tons). The forecast for sunflower meal exports is 4.7 mln tonnes (+50 thsd tonnes). At the same ...

Source: UkrAgroConsult