Vegetable oils export from Ukraine in 2020/21 estimated record high — USDA
Vegetable oils export from Ukraine in 2020/21(September-August) is projected at 6.93 mln t, 2% higher from the current season's estimate, according to the USDA May report.
According to the USDA analysts, supplies of vegetable oils from Ukraine will be record-breaking since 2015/16.
Pursuant to the report, deliveries of main oilseed crops from Ukraine in the 2020/21 season are expected at the level of 5.85 mln t against 5.48 mln t forecast for 2019/20. Ukraine is should take 6th position in the global oilseeds trade.
The outlook for the total volume of oilseeds processing in Ukraine is set at 18.25 mln t, 480 thou. t more the current season — 18.15 mln t.
This year there is a considerable disparity in estimates of grain harvest in Ukraine, according to UkrAgroConsult. The official forecast for grain harvest is set in a wide range from 63.54 to 72.4 mln t. Sunflower and soybean projections are also positive as a result of high demand and favourable prices.
As of May 7, sunflower in Ukraine was 86% sown, soybean 65%.