Vegetable oils export from Ukraine improved by 10% in Sep-Apr
Since the season's start, as of May 1, 2020, Ukraine intensified exports of vegetable oils by 10% compared to the corresponding period of 2018/19, meal by 11%, the Ukroilprom Association reports.
In September-April 2019/20, the EU countries imported the principal volumes of Ukrainian sunflower oil accounting for 32.3% of the total exports. Among the key markets in the period are France — 8.8%, Poland — 7.7% and Spain — 6.3%.
The EU countries in September-April 2019/20 imported 17.3% of the total Ukrainian refined sunflower oil exports. The largest shipments were made to France (5%), Poland (4.4%) and the Netherlands (3.4%).
The US is also increasing imports of refined sunflower oil this season. However, India and China remain the major importers of Ukrainian sunflower oil.
Upon opening of the Chinese market, Ukraine's supplies to the country reached 36.5% of the total exported volume. The share of the EU countries makes 29.2%.
In the reporting period, India also became one of the main importers of Ukrainian sunflower meal.
Export quotations for Ukrainian sunflower oil surged to a 3-month high and exceeded 730 USD/t FOB Chernomorsk.
