Ukraine slightly increased the shipments of sunflower oil -17.01.2020

Ukraine slightly increased the shipments of sunflower oil -17.01.2020

For the first 4 months of the season-2019/20, Ukraine exported over 2 mln tonnes of sunflower oil, as opposed to 1.96 mln tonnes in the same period of 2018/19 MY (up 2.4%). Therefore, Ukraine already realized nearly one third of the forecast of the product shipments in the season-2019/20, which varies at the level of 6.15 mln tonnes.

At the same time, the rating of the main importers of Ukrainian sunflower oil in 2019/20 MY somewhat changed. The shares of India and China decreased, while the countries still remained in their leading positions, said the oilseed market analyst at APK-Inform Agency, Julia Ivanitskaya.

According to her, Italy reduced the purchases by almost half compared with the level of October, and moved from the 3rd to the 5th position, while Spain and the Netherlands improved their positions in the rating.

In addition, Lebanon left the TOP-10, but Malaysia entered it, and took the 9th position, which moved down Poland.

The November increase of sunflower oil exports developed mainly in terms of increasing of the supplies to India (up 23% compared with the previous month), the Netherlands (up 2.2 times), France (up 3.3 times), Malaysia (up 7 times), the United Arab Emirates (up 85%), and the United Kingdom (up 2.2 times), the analyst added.