Ukraine's April sea port oilseeds export fell by 8.3% YoY
In the period April 1-30, sea ports of Ukraine provided for export of 619 thou. t of oilseeds and oilseed products, 8.3% less from the volume exported in March (675 thou. t as provided by the figures updated), the APK-Inform consultancy reports.
The bulk of exports in April was formed by shipments of sunflower products, totalling 560,000 t. Sunflower oil export, in particular, amounted to 337,000 t (-2% mth/mth). The volume of sunflower meal shipment fell by 15% compared to March and amounted to 223 thou. t. No shipments of seeds were made in April 2021 (31 thou. t shipped in March).
Related: High Price Suppresses Demand: What Are Sunflower Oil Price Perspectives?
Soybean and products export in April made up 59 thou. t, 1.6x higher from March shipment. Soybean supply came to 56 thou. t, 1.6x more mth/mth. Soybean meal export remained at the level of the previous month, at 3 thou. t. No shipment of soybean oil was carried out.
Rapeseed and products were not exported in April and March.
Key export markets for Ukrainian oilseeds and oilseed products in April:
- China: 148.7 thou. t
- India: 126.1 thou. t
- Netherlands: 75 thou. t
Since the start of 2020/21, the port of Mykolaiv has provided for the transshipment of 4 mln t of oilseeds and oilseed products. The ports of Chornomorsk and Pivdenny handled 1.98 and 1.1 mln t, respectively.
Sunflowerseed production in Ukraine in 2021/22 is projected by USDA at 16.7 mln t, 2.6 mln t, or 18% higher from 2020/21.
The Economy Ministry of Ukraine suggested limiting sunflower export from the country.
