The Ukrainian sunflower oil production in August hit a minimum level

In August of MY2017/18, the Ukrainian large and medium-sized enterprises produced the minimum volume of sunflower oil since the beginning of the marketing year — 83.6 thou. tons, which is a result of the decreased raw materials reserves by the end of the season, UkrAgroConsult informs.

According to the official statistics, in MY2017/18 large and medium-sized enterprises produced 4.61 million tons of sunflower oil, which, despite a reduction compared to MY2016/17 (–13.7%), remains close to the record high.

By experts' estimates, taking into account the processing of sunflower in small enterprises, the production of sunflower oil in MY2017/18 amounted to 5.6 million tons.

Taking into account the prospects of a record harvest in MY2018/19, it is expected that the volume of sunflower oil production will reach a new maximum.

Reference: the FAO Vegetable Oil Price Index averaged 134.9 points in September, down 3.2 points (or 2.3%) from August. Falling for the eighth month in succession, the Index has reached a three-year low.