Ukraine will not restrict food product export and should preserve the sun oil export | APK-INFORM
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Ukraine will not restrict food product export and should preserve the sun oil export | APK-INFORM


Ukrainian government is not going to limit or restrict the export deliveries of food products
from Ukraine.
Sunflower oil is the main exported product from Ukraine. So taking into account that the export
of this product in 2019 brought 8% of the foreign exchange profit to Ukraine, it is highly
important to preserve the export of the product in order to maintain the financial health of
Ukrainian economy.
Soon the demand on food product will increase as well as on refined bottled edible oils.
In 2019/20 MY production of refined sunflower oil in Ukraine will double – to 900 K tons and
the export of the product will increase too.
Ukrainian producers can provide both the internal and external increasing demand on
sunflower oil.
Currently the stocks of sun oil in Ukrainian seaports reached their maximum – to around 500 K
tons. So, in general Ukrainian exporters are able to supply the global demand on sunflower oil.
Stay tuned and keep up with the further developments on Ukrainian agrimarket with APK-
Inform Youtube. hi everyone this is a peek in from
agency and we share with you the recent developments of Ukrainian Agri market
last week everybody was talking about the possible restriction of food
products export from Ukraine but fortunately Ukrainian government took
right decision and it is not going to limit or restrict the export of food
products still we can look at the expert structure and see that export of
sunflower oil occupies the leading position here as we know Ukraine is the
largest global exporter of sunflower oil including to those countries which are
now locked down due to cupboard 19 pandemic
these are East and Southeast Asian countries European countries including
Italy which in the current season in September February became one of the ten
largest importers of sunflower oil in light of these developments with
coronavirus spread we can and taken into account that say in 2019 the export of
sunflower oil brought Ukraine 8 percent of foreign exchange profit which is
pretty large volume it is highly important to preserve the export of the
product and maintain the financial health of Ukrainian economy it is also
obvious that the demand on food products will increase soon mainly from the
largest consuming countries and we can expect that demand on refined bottled
edible oils will increase to you so according to our forecasts in the
current season in Ukraine the production of refined sunflower oil to double to
900,000 tons which is by the way twice higher than the domestic consumption as
a result we can expect that the export of refined sunflower oil from Ukraine
will increase in other words this year of this product
in the export structure will whiten still the producers can manage this
volume and provide both the internal and external demand on sunflower oil to
prove it we can say that only 12 15 percent of crude oil is refined the
refining capacities are only 50 60 percent loaded the packing capacities
are also not fully loaded also we can say and with if we speak about the
stocks of sunflower oil in supports we can see their large volumes nearly
maximum for the current period which is 500,000 tons of course in terms of
guaranteeing the time needed for docking of the product in supports increase but
in general Ukrainian exporters can supply the global demand on sunflower
oil stay tuned and keep up with the further developments of Ukrainian Agri
market with apk inform agency YouTube

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