Business news from Ukraine


19 August , 2021  

The average consumer price of sunflower oil in Ukraine in July for the first time in the 2020/21 year (September-August) fell by 0.34% compared to June, to UAH 64.73 per liter, in retail chains the product is present in a wide range and in sufficient volumes, according to the website of the Ukroliyaprom association.
“For the first time in the entire current year, there has been a decrease in the selling prices for sunflower oil by its producers. In particular, compared to May of this year, in July, the selling prices of enterprises for unrefined sunflower oil fell by 9.2%, and for refined oil, by 4.2% [respectively to UAH 37.4 per liter and UAH 41. per liter],” the association said.
According to the association, the domestic market of Ukraine consumes up to 10% of the sunflower oil produced in the country.
Ukroliyaprom said that the enterprises of the oil and fat industry of Ukraine are pursuing a balanced pricing policy, ensuring the priority of sunflower oil supplies to retail chains over export supplies. In retail chains, this product is present in a wide range and in volumes that meet the needs of the population.