Business news from Ukraine

Business news from Ukraine

UKRAINE INCREASES SUNFLOWER OIL PRODUCTION, EXPORTS BY 10% IN 2015/2016 MY – PRELIMINARY DATA

5 September , 2016  

KYIV. Sept 5 (Interfax-Ukraine) – Production and exports of sunflower oil from Ukraine in the 2015/2016 marketing year (MY, September-August) increased by 10%, to 4.85 million tonnes and 4.4 million tonnes respectively.

“Sunflower oil production, according to preliminary data, is estimated at 4.85 million tonnes, while exports at 4.4 million tonnes. This is 10% more compared with the previous year,” the Ukroliyaprom association told Interfax-Ukraine.

The association explained the growth in production and export rates with the increase in the sunflower harvest in Ukraine.

According to Ukroliyaprom, Ukraine in the 2014/2015 MY produced 4.4 million tonnes of sunflower oil, exported 4 million tonnes.

During the 2015/2016 MY sunflower oil exports from Ukraine to the EU almost doubled, to 1.36 million tonnes.

“At present the industry shows a stable growth, the increase in processing rapeseeds, soybeans and flax is strategic for us,” the association said.

According to its data, in the 2015/2016 MY Ukrainian enterprises doubled flax processing to 30,000 tonnes.