World sunflower export this year will be a record

Published 2022년 12월 23일

Tridge summary

Global sunflower trade is expected to surpass 5 million tons this year, a significant increase from the 2.2 million tons of the previous year, according to OilWorld. This growth is largely due to Ukraine, which has shifted its focus from selling finished products to supplying raw materials due to an energy crisis. The country is projected to export 2.7 million tons of seeds this year, a major increase from previous years. The largest recipients of Ukrainian sunflower seeds are Bulgaria, Romania, Hungary, and Turkey, with the EU doubling its imports to 2.2 million tons.

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Original content

Experts from the Hamburg-based analytical agency OilWorld (Germany) believe that global sunflower trade this year will exceed 5 million tons, which will be a record figure for the market. Last year, global oilseed exports were estimated at 2.2 million tons. According to experts, such a noticeable increase was due to Ukraine, which this season reoriented from the sale of finished products (oil and meal) to the supply of raw materials, since there is a serious energy crisis in the country that impedes the operation of oil refineries. According to preliminary forecasts, 2.7 million tons of seeds will be exported from the country this year compared to 0.1 million tons in 2021 and 0.2 million tons in 2020. “The largest volumes of ...

Source: UkrAgroConsult