Business news from Ukraine

U.S. DEPARTMENT OF AGRICULTURE PREDICTS EXPORT OF VEGETABLE OIL FROM UKRAINE AT 6.12 MLN TONNES

The U.S. Department of Agriculture (USDA) predicts that export of vegetable oil from Ukraine in the 2019/20 agricultural year (September-August) will be 6.12 million tonnes, which is 90,000 tonnes less than in 2018/19 agri-year (6.21 million tonnes).
According to the May report, forecast for oilseed crushing for 2019/20 agri-year were improved by 150,000 tonnes, to 16.8 million tonnes.
USDA said that next agri-year sunflower seed production in Ukraine could decrease by 200,000 tonnes year-over-year, to 14.8 million tonnes, meal – by 123,000 tonnes, to 5.99 million tonnes and oil – by 129,000 tonnes, to 6.24 million tonnes.
Export of sunflower seeds in 2019/20 agri-year should grow by 50%, to 150,000 tonnes, meal – by 6%, to 4.7 million tonnes and oil – by 3.4%, to 5.6 million tonnes.

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