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May 13, 12:50 Source: APK-Inform Views: 526

Competition in the Ukrainian sunflower crushing industry – Y.Davydov

In the season 2013/14 the sunflower seed crushing volumes in Ukraine reached the level of 11.5 mln tonnes, as opposed to 10.8 mln tonnes last MY. Such growing indices allowed to increase the sunflower oil production to 4.8 mln tonnes, against 3.9 mln tonnes in 2012/13 MY, declared Yuri Davydov, Chairman of Group Creative, during his presentation at the conference VegOils Trade Outlook-2014 in Istanbul on May 13.

Also, he noted that such companies as Kernel, Creative and Cargill form the TOP-3 of leaders on sunflower seed crushing installed capacities in 2013/14 MY. The companies-leaders of the sector are almost equal in size and power, and control more than 70% of the industry in Ukraine.

Y.Davydov stressed that to date the industry of sunflower seed crushing in Ukraine has high and risky profitability. The industry is quite mature, with no new players and capacities. It continues consolidating through mergers and acquisitions, added the expert.

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