Sunflower oil export in three quarters 2020 surged 22%

In the period of January-September 2020, sunflowerseed, safflower and cotton oil export from Ukraine totalled 4.99 mln t, 22% higher YoY, the State Customs Service of Ukraine reports.

In monetary terms, export earnings from sunoil shipment increased by 31% YoY to USD 3.67 bln (Jan-Sep 2019: USD 2.81 bln).

Key importing countries in the reporting period:

• India: 1.25 mln t, USD 921.2 mln, 25.12% of the total supply
• China: 769.9 thou. t, USD 566.3 mln, 15.44%
• Netherlands: 476.2 thou. t, USD 350.3 mln, 9.55%
• other countries: 2.49 mln t, USD 1.83 bln, 49.89%

In September of the current year, India imported 83 thou. t of sunflowerseeds oil from Ukraine, China 101 thou. t and the Netherlands 31.4 thou. t.

Vegetable oils export from Ukraine in the 2019/20 season is estimated at USD 5.28 bln, 16.9% higher from the prior season.

Learn more: TOP 10 Sunflower Producing Countries in 2019