In 2016/17 MY, Ukraine will remain the global leader in sunflower seed production with the figure of 13-13.5 mln tonnes, an increase of 1.8-2.3 mln tonnes (up 16.3-20.7%) compared with the previous season volumes, declared the General Director at the Association Ukroliyaprom, Stepan Kapshuk during his speech at the international conference "High-oleic market: evolution of development" on September 15.
According to him, almost complete processing of sunflower seed on the domestic market of country, due to the current export duties, form the major reason for such growth of production.
In the current economic conditions, many Ukrainian agricultural producers relied on sunflower seed cultivation, taking into account that the oilseed is the most profitable agricultural crop in Ukraine. Also, high profitability stimulates sunflower seed production capacities in Ukraine, which in 2015 reached 80.3%, as opposed to 36.5% in the previous year, the expert said.
S.Kapshuk noted that in parallel with the growth of oilseed crops harvest volumes in Ukraine, in particular sunflower seed, the country continues expanding industrial capacities for the oilseed processing.
During the period of the export duty on sunflower seed, the processing capacities for oilseeds in Ukraine increased from 2.5 mln tonnes in 1998, to 17.5 mln tonnes as of September 1, 2016, or up 7 times. The production base of fat-and-oil enterprises allows processing the harvest volumes of all oilseed varieties produced in Ukraine (sunflower seed, rapeseed, soybeans, flaxseed, etc.), added S.Kapshuk.
You can receive more detailed data about the conference "High-oleic market: evolution of development" from the web-site of APK-Inform Agency.
