In 2013/14 MY Russia and Ukraine to export at least 4.6 mln tonnes of sunflower oil - APK-Inform

Source

APK-Inform

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According to estimations of APK-Inform Agency, in 2013/14 MY Russia and Ukraine will be able to summary supply not less than 4.6 mln tonnes of sunflower oil on the world market, an increase of 10% compared with the previous season, declared Svetlana Sinkovskaya, Chief of the marketing department of APK-Inform Agency, during her speech at the largest event on the Asian market of vegetable oils - GlobOil India- 2013 (September 20-22, Mumbai, India).

She also informed that in the new season Russia and Ukraine will together produce nearly 18.6 mln tonnes of sunflower seed, up 7% compared with the last season index. In 2013/14 MY sunflower oil production in Russia and Ukraine will total 7.54 mln tonnes (up 5%).

At the same time, according to S.Sinkovskaya despite the increase of sunflower oil total supply, but due to lowering of the prices, in 2013/14 MY the volume of world imports of the commodity may increase by 10-12% compared with the previous season, mainly due to increasing of the imports by such countries as Iran, India, and China.

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