Sunflower oil export from Ukraine dropped to three-season lowest: UkrAgroConsult

Sunflower oil export from Ukraine in September-April 2020/21(September 2020-August 2021) approached 4 mln t, 13.5% down YoY, UkrAgroConsult reports.

Ukraine's sunflower oil export potential in the current season was reduced to 5.38 mln t, this volume is 19% lower from 2019/20. The relevant Memorandum of Understanding was signed by the Economy Ministry and the Association Ukroilprom.

Vegetable oil industry in Ukraine (click for full resolution)

Export dynamics in the key markets for Ukrainian sunoil:

  • China +40%
  • India -7%
  • EU -33%

Analysts mark the increase in sunflower oil export to the following markets:

  • South Korea +144%
  • Libya +56%
  • Saudi Arabia +26%

As per statistical data, sunseeds stocks in Ukraine as of May 1 were 38% lower YoY. The Ukroilprom Association reported that sunflower oil export from Ukraine as of May 1 made 72.6% of agreed in MoU volume.

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