In Ukraine, the sown areas of sunflower may be reduced, which will raise oil prices

UkrAgroConsult

In Ukraine, there is a tendency to decrease the cultivated area of ​​sunflower, which will cause a reduction in oil production and may provoke a shortage and a sharp increase in the price.

This was said by the Minister of Agrarian Policy and Food of Ukraine, Mykola Solskyi, during a speech at the thematic panel “Satisfying the global need for sunflower oil” within the framework of the G-20 conference on the sustainable development of vegetable oils in the world.

“Given the current difficulties with the transportation of sunflower oil, Ukraine has also started selling the primary raw material – sunflower seeds. During the operation of the grain corridor, 0.5 million tons were exported. But in the current circumstances, we receive significantly less export revenue, we observe a decrease in the level of domestic processing, we realize that the costs of our producers have increased significantly and production has become economically unprofitable,” the minister informed.

Despite all the circumstances, Ukraine is still ready to be among the guarantors of food security in the world and is able to provide not only domestic food needs, but also the needs of other countries.

“The future fate of the world’s food security is not known for sure. The future fate of many people. What is known for certain is that for the occupiers, the worsening of the global food crisis is another way to destabilize the world. However, by joining our efforts together with our partners, we are able to prevent this from happening. We are able to stop the emergency rise in prices. And they are able to save the most valuable thing – people’s lives,” said Mykola Solskyi.

Tags: Ukraine, sunflower oil, sunflower, sown area, war