In 2022/2023 marketing year, Ukraine increased the production and export of sunflower oil by 25.4% compared to 2021/2022 MY, the press service of the association Ukroliyaprom reports.
“One of the main peculiarities of 2022/23 MY was the significant increase of sunflower seed processing at the domestic facilities starting from 2023, after the ban of its import by some EU countries. This allowed to significantly increase the processing of sunflower seeds within the country and, accordingly, the production of oil and its export by 25.4%, sunflower meal – by 27.3% compared to 2021/22 MY,” the company said in the report.
According to the report, the export of sunflower seeds decreased by 58% in the first eight months of 2023 compared to the same period of 2022. This made it possible to significantly increase its processing at domestic facilities and, accordingly, the production and export of high value-added products.
In 2022/23 MY, the production and export of soybean oil increased by 18%, and soybean meal – by 19.4%.
These figures could have been higher if soybean processing in the country had increased, especially given that exports of soybean products are mainly carried out by road and rail, the association noted.
In addition, in 2023, Ukraine increased the processing of rapeseed, as evidenced by the increase in exports of rapeseed oil in July-August this year by more than 20 times compared to the corresponding period in 2022.
“Ukroliyaprom forecasts that in 2023/2024 MY Ukraine’s production of main types of oilseeds will increase by 18.8%. This will be due to the expansion of production areas by 12.1% and an average yield increase of 5.7%, which was facilitated by favorable weather conditions. The largest increase in production is expected for sunflower seeds – by 15%.
As reported, Ukroliyaprom expects that in the season 2023/2024, Ukraine can produce up to 5 million tons of sunflower oil, while exports can reach 4.7 million tons.
