Ukraine as of July 1, 2020/2021 marketing year (MY, September-August) exported 4.75 million tonnes of sunflower oil, which is 88.2% of the ceiling volume agreed by the Economy Ministry and Ukroliyaprom association, the association said on the website on Tuesday.
Ukroliyaprom said the highest export volumes of sunflower oil are 5.38 million tonnes in 2020/2021 MY. Thus, in July-August of the current MY, exporters can supply another 630,000 tonnes of this product to foreign markets.
The U.S. Department of Agriculture (USDA) in its June report has improved the projections for the export of Ukrainian sunflower oil in 2021/22 marketing year (September-August) by 1.02 million tonnes (a rise of 18.9% compared to 2020/21), to 6.4 million tonnes, its production – by 1.05 million tonnes (a rise of 17.7%), to 6.98 million tonnes.
According to a report published on the USDA website, the projection for sunflowerseed production in Ukraine in the current marketing year has been improved by 2.6 million tonnes (a rise of 18.5%), to 16.7 million tonnes.
In its June report, the USDA improved its forecast for Ukraine’s exports of sunflowerseed meal in 2021/22 by 0.7 million tonnes (a rise of 15.2% versus 2020/21), to 5.3 million tonnes, its production – by 1.01 million tonnes (a rise of 17.7%), to 6.71 million tonnes.
According to the USDA, Ukraine in 2021/22 will remain the main world exporter of sun sunflowerseed flower oil, while world production of sunflowerseed oil will grow by 10.2%, to 21.15 million tonnes.
The U.S. Department of Agriculture (USDA) in May improved the forecast for the export of Ukrainian sunflowerseed oil in 2021/2022 (September-August) by 18.9% compared to 2020/21, to 6.4 million tonnes, with an increase in its production by 17.7%, to 6.99 million tonnes. According to the monthly report of the department, in 2021/2022, an increase in sunflowerseed production in Ukraine is expected by 18.4% compared to 2020/2021, to 16.7 million tonnes, sunflowerseed meal exports are expected to grow by 16.4%, to 5.3 million tonnes.
The USDA said that the growth in exports of sunflower oil and meal compared to the low level of the last marketing season will be due to the recovery of oil extraction volumes in Ukraine.
The U.S. Department of Agriculture also said that Ukraine rapeseed production is forecast to recover from last season’s low level, rising 200,000 tonnes to 3.0 million. Exports are projected to rise 190,000 tonnes to 2.6 million. Exports of rapeseed meal at 175,000 tonnes and oil at 165,000 tonnes are forecast to rise.
Kernel, one of the largest Ukrainian agrarian groups, in the third quarter of fiscal year 2021 (FY, began in July 2020), reduced sales of sunflower oil by 2% compared to the same period in the previous FY, to 371,920 tonnes.
According to a report posted on the company’s website on Friday, the share of bottled oil of total sales was 10% (37,000 tonnes).
Kernel processed 902,000 tonnes of oilseeds in Q3 FY2021, down 4% y-o-y due to the low harvest of sunflower seeds in Ukraine this season.
According to the report, grain export volume from Ukraine in January-March 2021 dropped 15% y-o-y, to 1.8 million tonnes, of which 1.3 million tonnes had been originated from external suppliers and the remaining had been produced by company’s farming division. Slowdown in the grain export volume was caused mostly by a substantial grain harvest reduction this season in Ukraine (including company’s farming operations) and the respective decline of the exportable grain surplus for the country.
The company’s export terminal throughput volume in Ukraine increased to 2.1 million tonnes in Q3 FY2021, up 6% y-o-y. Transshipment volume exceeded the grain export volume from Ukraine, as the company substantially increased the scale of sunflower meal transshipment operations on its terminals in Chornomorsk, with such goods being exported through third-party terminals before.
The holding cut grain and oilseeds received in inland silos by 12% in Q3 FY2021, to 109,021 tonnes.
The Ministry for Development of Economy, Trade and Agriculture of Ukraine has proposed that a zero quota is set for the export of sunflower seeds from May 15 through September 30, 2021.
The draft resolution has been posted on the ministry’s website.
In an explanatory note to the document, the ministry said that the introduction of a temporary licensing regime and quotas for the export of sunflower seeds at 0 tonnes will stabilize prices for this product in the domestic market.
The Cabinet of Ministers has supplemented the list of goods originating from the Russian Federation, prohibited for import into Ukraine, with wheat, sunflower oil, detergents, and paper.
According to the document, the list of prohibited goods was also replenished with surfactants, newsprint, cardboard, kraft paper and kraft cardboard, toilet paper, cosmetic napkins, hand towels, tablecloths and napkins.
The list also includes containers, boxes, bags, packing bags, ropes made of other alloy steels, drilling tools, other trolleys and undercarriage balancing trolleys, axles, wheels and their parts, according to the resolution.
The resolution comes into force ten days after its publication.
