Moldova exported 0.5 mln tons of sunseed in MY 2023/2024

In the agricultural season 2023/2024, 504.5 thsd tons of sunseed were exported as raw material – an increase of more than 2 times compared to the previous season. As for processed products, the volume of exported oil amounted to 191.7 thsd tons, down 17% compared to the previous season. The volume of sunflower meal exports also decreased by 13%, Aroexpert.md reported.

“The economy of the Republic benefits much more from the export of processed products with higher added value compared to the export of raw materials. In a free market, sunseed exporters cannot be restricted to selling their products only to domestic processors, which creates complex dynamics in the supply chain. In situations where processors face a shortage of raw material stocks, causing plants to idle, it is crucial that they have access to alternative supplies,” says agro-market analyst Jurie Ria.

According to the expert, access to alternative sources of raw materials will ensure the continuity of production and can prevent economic disruptions, thereby maintaining stability and economic growth by maintaining export flows of products with high added value.

Earlier it became known that the export of sunflower oil from the Republic of Moldova in the first half of 2024 decreased by 45% compared to the same period last year to 68.3 thousand tons. Exports of meal amounted to only 59.9 thousand tons, which is almost twice less compared to the same period last year.

Tags: export, sunseed, Moldova