MHP increased soybean oil exports by 68% in Jan-Sep
In January-September 2018, the agri-industrial holding Myronivsky Hliboproduct (MHP) increased soybean oil exports to 37.78 thou. tons, which is 68% more year-on-year.
In Q3 2018, soybean oil exports were at 6.16 thou. tons, 25% lower year-on-year, mainly due to unattractive international soybean oil prices, higher sales volumes in H1 2018 and low base in 9M 2017.
In Q3 2018, MHP’s sales of sunflower oil increased by 21% to 92.87 thou. tons compared to 76.81 thou. tons in Q3 2017.
In 9M 2018, sunflower oil exports constituted 240.97 thou. tons almost stable result year-over-year. The increase in volumes in Q3 2018 is driven mainly by an increase in production and delivery terms change from DAP to FOB since the beginning of 2018.
Earlier it was reported that in Q3 2018 MHP had increased poultry exports by 52% to 80.36 thou. tons of supplies compared to the prior-year period.