Ukroilprom estimates sunflower oil output in Ukraine 24% up YoY in 2021/22

The Association Ukroilprom projects a record sunflower oil production in Ukraine in the 2021/22 season — over 7.2 mln t, 24.1% up YoY. As reported, this forecast matches the one made by foreign analysts.

With the start of the year 2022, the Association expects the intensification of sunflowerseeds processing by crushing plants in Ukraine.

Experts add that as per the December USDA report, the production of the main oilseeds in Ukraine will amount to 24.25 mln t:

• sunflowerseeds: 17.5 mln t (+3.4 mln t, +24.11%)
• soybean: 3.7 mln t (+0.7 mln t, +23.3%)
• rapeseed: 3.05 mln t (+0.3 mln t, or +10.9%)

The Ukroilprom association estimates the yield of the main oilseeds in Ukraine at 22.9 mln t, including:

• sunflowerseeds: 16.5 mln t (+3.4 mln t, +25.9%)
• soybeans: 3.4 mln t (+0.63 mln t, +22.7%)
• rapeseed: 3 mln t (+0.4 mln t, +15.4%)

The State Statistics Service data reveals that sunflowerseed stocks as of December 1, 2021, increased by 1,726.5 mln t YoY, including 1,518.3 mln t stored by agricultural producers and 207.8 thou. t at enterprises engaged in storage and processing.

Experts observed that with a record sunflowerseed production of more than 16 mln t, they expected sunflower oil production to increase by more than 10% in this period.

Previously AgriCensus reported that sunflower oil prices in Ukraine fell to a 3-month low.

Latifundist

Tags: sunflower oil, Ukraine