Ukraine exported 3.8 million tonnes of sunflower oil worth $2.6 billion, which is 16% higher than the same period in 2018, the Ministry of Agrarian Policy and Food said. Supplies of soybean oil increased by 81% over this period, to 238,000 tonnes, the ministry said in a press releaes.
“Now farmers haven’t started harvesting sunflower seeds and soybeans yet, but the forecasts are rather optimistic. A reduction in areas under these crops by 4.4% in the case of sunflower seeds and 8% in soybeans was balanced by favorable weather conditions,” the ministry said.
As reported, the U.S. Department of Agriculture (USDA) predicts growth in vegetable oil exports from Ukraine by 250,000 tonnes, to 6.3 million tonnes at the expense of sunflower oil in the 2019/20 marketing year (MY, September-August) whose share in total oil exports may reach 5.85 million tonnes (data for August 2019).
