Ukraine. Sunflower Oil Exports Logistics. The grain deal termination and SFO exports in 2023/24

Source:  UkrAgroConsult
Author:  Maksym Kharchenko
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UkrAgroConsult

Article author:

Maksym Kharchenko
Freight Market Analyst

According to the Ministry of Infrastructure, 5.6 M mt of sunflower oil were exported in 22/23 MY. On average, exports reached 470 K mt per month, which is an impressive figure compared to previous seasons, especially considering the breakdown of grain trade logistics. Before the war, half of the sunflower oil was exported through terminals near Mykolaiv, and these terminals have been blocked for over 19 months.

The maximum monthly export in the last season 2022\23 was in March, 2023 – 584 K mt. It should be noted that the record monthly export of sunflower oil was in November 2020 – 757 K mt. In 2022/23, exports per month were lower on average, which was due to external factors rather than exporters’ intentions.

Ukraine. Exported SFOil by type of transport, %, 2022/23 

Mode of transport  Quantity, tonne Share in total exports 
Trucks/Vehicles 631 059 11.2%
Railway 678 723 12.1%
Ports of the Danube river 2 421 700 43.1%
Grain Corridor 1 659 561 29.6%
Ferry boat 222 735 4.0%

Source: UkrAgroConsult based on official data

Sunflower oil exports by land were in demand during the 2022/23 season, accounting for 18-31% of monthly exports. On average, exports by land remained in the range of 100-120 K mt per month. Thru the grain corridor in 2022/23 total sunflower oil exports amounted to 1.66 M mt (about 30% of total exports).

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