Ukrainian farmers hit their own records on the sale of vegetable oil

Ukrainian farmers hit their own records on the sale of vegetable oil

Bad weather conditions this year have affected the yield of oilseeds and in September, production volumes have fallen markedly, but the obligations for exporting a valuable product have been exceeded due to a rolling surplus since last year. Peak growth in sales to external markets occurred in September and October of this year.

In September 2017, the agrarians sent abroad 312 thousand tons of finished oilseeds, which is 23% less than in August. But, if we compare the data with the same period of time in the previous year, they increased by almost 15%.

Analysts released preliminary estimates for October 2017. Ukraine put a record number of products on foreign markets. The figures are impressive and amount to 532 thousand tons. This is 23% more than the same period last year. Since June, 2017, sales volumes have grown monthly due to last year's balances.

IA "APK-Inform" published a forecast for sales of sunflower oil for the next marketing year. Experts believe that the volume of exports will fall by 9% or 5.4 million tons.

To get acquainted with more detailed data on the oilseed market, see the section "Analytics" on the website or in the latest issue of APK-Inform: Results for November.