Ukraine increased the production and exports of vegetable oils and meals- 19.11.2019
In 2018/19 MY, Ukraine increased the production of crude sunflower oil compared with the previous season by 16.4%, refined sunflower oil — up 7.7%, crude soybean oil — up 38%, rapeseed oil — up 55.5%, sunflower meal — up 20.4%, soybean meal — up 35.4%, and margarine products — up 3.2%, declared the press-service of the association Ukroliyaprom.
At the same time, the market significantly increased the exports of fat-and-oil products: crude sunflower oil — up 13.5%, crude soybean oil — up 75%, crude rapeseed oil — up 2.4 times, sunflower meal — up 14.8%, soybean meal — up 2.2 times.
It was noted that the growth of production and export volumes of soybean oil and soybean meal became the main feature of the last season, due to the significant increase (double) of soybeans processing.
Also, in July-August of 2019/20 MY Ukraine produced 116.1 thsd tonnes of rapeseed oil, against 108.7 thsd tonnes in the same period of the season-2018/19 (up 7%). In the reporting period, Ukraine exported 63 thsd tonnes of rapeseed oil, against 43.1 thsd tonnes last season (up 46%). At the same time, the exports of rapeseed significantly increased (up 38%).
Taking into account the fact that by December 2019, Ukraine will completely export almost all volumes of rapeseed of the harvest-2019, the fat-and-oil industry will stop any further processing of the oilseed at domestic enterprises. Therefore, Ukraine does not have any prospects to increase the production and exports of rapeseed oil and meal, added the association.
Source: APK Inform