Ukraine continues increasing the exports of sunflower oil
According to the State fiscal service of Ukraine in the current year, sunflower oil exports reached 2.7 billion dollars.
the Largest buyer of Ukrainian sunflower oil was India, whose share in the total imports of Ukrainian sunflower oil accounted for 34.2% or 1,688 million tons in the amount of 933,3 million $. In second place was Spain with a share of 10.3%, or 499,5 thousand tons for the sum of 282,1 million $, the third China, which acquired of 8.36 % of the Ukrainian oil or 416,6 thousand tons in the amount of 228.2 million $.
compared with the previous season, Ukraine increased production of sunflower oil and meal to Crimea will receive 134.6% and 126.8%, respectively, having thus, in the current marketing year's record levels.
the Main exporter of sunflower oil and meal at the end of September-June 2016/17 MG remains the company "kernel" with a 20% share in the total volume of Ukrainian exports of these products.
the Main buyer of Ukrainian meal since the beginning of the 2016/17 MG remain European countries such as France, Spain, Belarus, Italy and Poland, which collectively purchased more than 54% of the domestic export of meal.
Prices for sunflower oil at the end of the season, rose to the level of $740-750/MT FOB, but as you approach the new season, the price may return within 720-740 $/t FOB.