Turkey imported 30k tons of Ukrainian sunflower oil in June
13 July 2018, 10:45
In June 2018, the maximum annual volume of sunflower oil of 30 thou. tons was exported from Ukraine to Turkey, APK-Inform reports.
A significant growth resulted from the reduction in Turkish import duty on sunflower oil from 36% to 23% in early June to August 1, 2018, which increased the attractiveness of this product.
Since July 2017, Ukraine's sunflower oil trade with Turkey was virtually non-existent, thus the country's demand was largely met by Russian oil, as well as by products from Bosnia, Romania and Bulgaria.
In September-June of MY2017/18, Ukraine supplied 37,6 thou. tons of sunflower oil to Turkey against 190 thou. tons over the corresponding period of the previous season, which is a 5-fold reduction.