Ukraine: in 2014/15 MY sunflower oil production to total 4.2 mln tonnes, exports - 3.7 mln tonnes
In 2014/15 MY sunflower oil production in Ukraine may reduce by 5% compared with the previous season, to 4.2 mln tonnes, and its export volumes will total 3.7 mln tonnes, as opposed to 3.9 mln tonnes, expected in the season-2013/14, declared Irina Ozip, Head of the informational division of APK-Inform Agency, at the conference VegOils Trade Outlook- 2014 in Istanbul on May 13.
According to her, the expected reduction of sunflower seed harvest volumes in Ukraine will become the main reason for decreasing of the specified commodity production in 2014/15 MY.
In the season-2014/15 sunflower seed harvest in Ukraine may reduce by 11% compared with the previous season, to the level of 9.8 mln tonnes, due to reduction of the oilseed yield to 2.3 t/ha. At the same time, the planted areas will remain at the last year level - 5.2 mln ha, said the expert.
Also, I.Ozip noted that the reporting decline of sunflower seed harvest next season will cause the corresponding decrease of the oilseed total supply on the market to 10.4 mln tonnes, including nearly 9.9 mln tonnes processed at oil.
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May 23, 17:10