In MY 2021/22, China cut sunflower oil imports from Ukraine by half

UkrAgroConsult

Ukrainian sunflower oil exports in MY 2021/22 (September-November) totaled 1350 KMT (-15% y-o-y, the lowest in four seasons).

Amid a bumper crop of sunflower seed, the lag in sunflower oil exports is caused by the market situation: crush has declined as growers hold back their oilseed, UkrAgroConsult reports.

Shipments to key export markets changed as follows: China (-50%), India (-11%), EU countries (+28%).

Growth in exports was registered to the following markets: Egypt (+1108%), Spain (+86%), the Netherlands (+13%).

A slowdown in exports was fixed to Iran (-83%), the UAE (-76%) and Malaysia (-50%).

More detailed information on the latest trends in oilseeds/vegoils and meals exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!

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Tags: China, sunflower oil, UAE, Egypt, EU, Spain, India, Malaysia, Netherlands, Iran, Ukraine