Ukroliyaprom proposes to introduce sunseed export quotas from Ukraine

“Ukroliyaprom does not impede the export of sunseeds, but proposes to introduce a mechanism of additional collection, in particular, export quotas. This was announced by Stepan Kapshuk, CEO of the association Ukroliyaprom.

“Now is the best time for the government to make such a decision. This mechanism will bring about UAH 3 billion to the state budget, which can be used to pay salaries to the military,” he emphasized and said that the association had sent relevant proposals to the Prime Minister.

Stepan Kapshuk also noted that Ukraine benefits from the EU ban on imports of sunflower seeds to five neighboring countries, as domestic oil extraction plants are not provided with sufficient raw materials and are constantly experiencing shortages,

“Before the war, there were 108 oil extraction plants in Ukraine. In total, they could produce 24 million tons of oil, including 10 million tons of sunflower oil. However, these enterprises were never able to operate at full capacity due to the lack of raw materials that Ukraine exported. In the best seasons, oil extraction plants managed to produce 19 million tons of oil,” explained Stepan Kapshuk.

He said that earlier the potential of Ukrainian oil extraction plants allowed to produce 40-50 thousand tons of oil per day. Due to the hostilities in Ukraine, about a dozen large operators have stopped working, so the plants produce 35 thousand tons of the product daily.

Tags: sunflower, export, restrictions, UkrOliyaProm Association