In terms of the current situation on the global market of high-oleic sunflower oil, when the market segment demonstrates noticeable reduction of activity from major customers, fall of bid prices for the product, as well as purchasing prices for the raw material and price premiums, in 2016/17 MY Ukraine will be able to process at oil and sell nearly 60% of high-oleic sunflower seed produced in 2015/16 MY, declared the oilseed analyst at APK-Inform Agency, Julia Ivanitskaya during her speech at the international conference "High-oleic market: evolution of development" on September 15, in Kiev.
According to her, Ukraine will process at high-oleic oil and sell 60% of the oilseed harvest volumes, namely 274 thsd tonnes (up 50% compared with 2015/16 MY). The remaining volumes will be sold as usual sunflower oil or some blend of oils.
At the same time, J.Ivanitskaya assumed that in terms of more favorable market conditions, the processing capacities can reach even larger indices, taking into account that the existing potential in Ukraine allows increasing the processing volumes of high-oleic sunflower by nearly 200 thsd tonnes.
In terms of the forecasted processing volumes in 2016/17 MY at 274 thsd tonnes, the production of high-oleic sunflower oil in Ukraine will reach nearly 120 thsd tonnes, against 80 thsd tonnes in 2015/16 MY (up 50%), the expert said.
Also, she added that increasing of the production volumes will allow to Ukraine to increase the exports of high-oleic sunflower oil to 120 thsd tonnes, up 50% compared with last season.
At the same time, in the current season Ukraine can potentially produce and export nearly 200 thsd tonnes of high-oleic sunflower oil, depending on the global demand for the product.
You can receive more detailed data about the conference "High-oleic market: evolution of development" from the web-site of APK-Inform Agency.
