Sunflowerseed oil export from Ukraine dove 18% in Sep-June 2020/21

Sunflowerseed oil export from Ukraine in 10M(September 2020-June 2021) 2020/21 dropped to 4.75 mln t, 18% down YoY, the consulting agency UkrAgroConsult writes.

The Economy Ministry and the Association Ukroilprom agreed on the sunflower oil export ceiling of 5.38 mln t for the 2020/21 season. UkrAgroConsult analysts note that this may result in high carryovers of sunoil in Ukraine.

Sunflower oil export dynamics in the key markets for Ukraine:

  • China: 21%
  • India: 13%
  • EU: 32%
  • Saudi Arabia: 23%

Spain cut its import of Ukrainian sunflower oil by 40%, Italy by 42%, Iraq by 30%.

Crushing plants in Ukraine finalized the 2020/21 season ahead of schedule.

In the reporting period, 88% of sunflower oil volume agreed for export in 2020/21 was shipped.

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