UkrAgroConsult

Ukraine: high-oleic market segment to stay afloat in MY 2020/21

Article author:

Svetlana Kupreeva
Oilseed Market Analyst

In MY 2019/20, the interest in growing high-oleic sunflower was aroused by a record-high premium for this type of sunseed ahead of the season (over UAH 10,000/MT) along with increasing foreign demand for high-oleic sunflower oil – the product was supplied to 54 countries (42 countries a year earlier).

All major importers stepped up purchases in 2019/20 season.

As for 2020/21 season, the weather factor played the key role this year, resulting in low yields (-17% from MY 2019/20). Even with expanded acreage (+20%), the above will bring the crop down, UkrAgroConsult reports.

Although the current forecast for the high-oleic sunflower crop is moderate, the start of the season 2020/21 (September-October) saw record exports of high-oleic sunflower oil (+39% on the year).

Exports will not avoid stagnation in the latter half of the season, exportable supplies of high-oleic sunflower oil are estimated at last year’s level.

Full version of the article 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!!

Start using analytical data and increase your efficiency now!

Register to get your demo access: http://agrisupp.com/en/register/1

 

UkrAgroConsult

Got additional questions?
We will be happy to assist!