News
22.06.2017
Production of sunflower oil increased by 42 % during the first four months of 2017
In January-April of 2017, the production of unrefined sunflower oil in Ukraine increased on 42 % by 1.9 mln tons, compared with the same period last year.
During 8 months of 2016/17 MY (from September 2016 to April 2017), the total amount of sunflower oil production reached 4.4 mlntons, which is in 8% higher compared with the same period last marketing year.
The growing demand for unrefined sunflower oil on the foreign market and the increase in gross yield of sunflower in 2016/17 MY by 22% to 13.6 mln tons became the main prerequisites of this.
According to USDA, world consumption of sunflower oil in 2016/17 MY increased by 1 million tons to 16.1 mln tons. India, China and Turkey are the largest world’s importers of sunflower oil. At the same time, India and China consume about 43.4% of Ukrainian unrefined oil.
In general, since the beginning of 2016/17 marketing year, the export of unrefined sunflower oil amounted 3.9 mln tons, up 30% compared the same period of the previous MY.
