According to the State Statistics Service of Ukraine, in January-May 2020, the country increased the production of crude sunflower oil by 8% compared to the same period of the last year to 270.9 thsd tonnes, refined oil – by 23.1% to 411.2 thsd tonnes.
Moreover, Ukraine increased the production of sunflower meal by 4.2% to 2.49 mln tonnes.
At the same time, the output of soybean products declined in the reporting period. Particularly, the production of soybean oil decreased to 122.4 thsd tonnes (down 13.7%), soybean meal – to 503.2 thsd tonnes (down 14.6%).
The association Ukroliyaprom pointed out that the lack of soybean caused the decline of products output.
More detailed information about the development of Ukrainian market of soybean in the new season and the trends of processing under the conditions of supply deficit you can get during the online-conference «Soybean and meal market» to be held on July 1.