The FINANCIAL — Almost complete export orientation is the unique feature of the Ukrainian market of sunflower oil, reported the General Director at the Association Ukroliyaprom, Stepan Kapshuk at the international conference “High-oleic market: evolution of development” on September 15.
Ukraine consumes no more than 10% of the produced sunflower oil, and exports 90% of the remaining volumes. Any export limitations on sunflower oil will cause destabilization of not only the sunflower oil market, but also the whole food products market of Ukraine, the expert noted.
Also, S.Kapshuk stressed the ever-expanding geography of sales of Ukrainian sunflower oil and other types of vegetable oils. So, in 2015/16 MY Ukraine exported sunflower oil to 105 countries. At the same time, India and China were its main customers in the reporting season – 30% and 13.8% of the shipment volumes, respectively, according to APK-Inform.
The expert note the growth of supplies of Ukrainian sunflower oil to the EU, which in 2015/16 MY will increase in 2.7 times compared with the previous season – to 1.4 mln tonnes, against 0.5 mln tonnes. The EU-Ukraine Association Agreement mainly contributed to such effect, and Ukraine received the opportunity of duty-free entry on the fat-and-oil market of EU countries, in particular sunflower oil market, said S.Kapshuk.
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