Ukraine preserves its status of key sunflower oil producer
Infographic guide Ukrainian Agribusiness 2018/19
Ukraine preserves its top positions in terms of sunflowerseed and sunflower oil production. This is informed by Deputy Economic Development and Trade Minister of Ukraine Sergiy Nikolaychuk on Facebook.
"Typically, gross domestic product based on purchasing power parity is used to compare the economic performance of countries. And by this indicator, the Ukrainian economy is simply fragile, 6x weaker than the Italian economy and 10x — than the German. At the same time, Ukraine takes a leading position in the world production of separate commodities. The domestic agricultural sector contributes most to this. For example, by the volume of sunflower and sunflower oil production, Ukraine is the undisputed leader, and by the volume of corn cultivation — Ukraine confidently takes 4th place. In Ukraine, 400 hybrid varieties of this crop are produced," he comments.
According to Sergiy Nikolaychuk, iron ore, wheat, milk and cheese are among other products, the production volumes of which provided Ukraine higher positions.
As a reminder, in January-November 2019, crushing plants in Ukraine produced 5.016 mln t of unrefined sunflower oil, 14.2% more from the relevant period of 2018.