Ukraine has become the world leader in sunflower supply due to the suspension of sunflower oil exports.
According to the results of the 2021/22 marketing year (ended August 31), Ukraine exported a record volume of sunflower – 1.63 million tons. The special publication APK-Inform writes about this.
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The growth of sunflower exports is due to the suspension of sunflower oil exports and a significant reduction in domestic processing.
According to the USDA, Ukraine became the world’s leading sunflower exporter in MY 2021/22 and is likely to hold this position for at least one more season.
According to the agency’s estimates, subject to the continued operation of the grain corridor and the stable operation of the processing sector, sunflower shipments to foreign markets in the new 2022/23 MY may decrease to 1.1-1.2 million tons ( -29% compared to 2021/22. MR ), but this could be the second largest volume of exports from Ukraine ever and one of the largest among the countries supplying the world market.
“At the same time, if exports through deep-sea ports are suspended again and the volume of sunflower oil shipments from the country decreases again, oilseed exports in the 2022/23 season may reached 2.5-3 million tons,” the message said. .
The demand for Ukrainian sunflower remains at a high level.
As reported, it is planned to build a pipeline from Ukraine to Poland for the supply of vegetable oil with a capacity of 2 million tons per year.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.