Export level of Ukrainian sunflower oil decreased

Since the beginning of 2021, the amount of exported Ukrainian plant raw materials is inferior to the same indicators for January-February 2020 Last year, 1.21 million tons of oil were exported from Ukraine, but only 965.87 thousand tons were exported during the current year.

The State Customs Service of Ukraine reports a decrease in the indicator by 20%.

According to the data provided in monetary terms, Ukraine managed to export sunflower oil for USD 1.04 billion, which is 17.8% better than the corresponding figure in the first two months of 2020. At that time, exports amounted to $882.8 million.

According to the statistics of the reporting period, the share of importers is as follows:

  1. 29.1% or $303,890,000 — India;
  2. 19.1% or $199,890,000 — China;
  3. 7.7% or $80,620,000 — the Netherlands;
  4. 6.6% or $73,330,000 — Spain;
  5. 5% or $68,990,000 — Iraq.

It is worth mentioning that according to the February forecast of USDA experts for 2020/21 MY, Ukraine may not count on positive changes in yields, but the results will not be bad either. They estimate this figure at about 14 million tons, although they are lower than in 2019/20 by 15% (2.5 million tons).

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