In 2017/18 MY, the Ukrainian oilseed market to keep the main trends of the previous season - Ukroliyaprom

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APK-Inform

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The main trends and features which were typical for the Ukrainian oilseed market in 2016/17 MY, remained quite relevant for the current season, reported the General Director of the association Ukroliyaprom, Stepan Kapshuk at the conference "Fat-and-Oil Industry - 2017" on October 26, in Kyiv, Ukraine.

Continuation of the growth rates in production and supply of raw materials became the major feature of the Ukrainian oilseed market, despite the observed decline in prices and growth of consumption rates. At the same time, not only the global market (continuation of the global crisis in the international economics, decline of prices for vegetable oils, etc.), but also the domestic problems of Ukraine, made its effect on development of the trend, said the speaker.

In particular, 2017/18 MY still demonstrates the complete dependence of Ukrainian raw commodity markets not only on the global market situation and weather conditions, but also on fluctuations on the foreign currency market of Ukraine.

Also, S.Kapshuk drew attention to increasing shadow trends of the Ukrainian oilseed market. To date, domestic agricultural producers are mainly trying to sell sunflower seed for cash, which significantly disturbs the situation on the veg oil market, leading to its shadowing, and slows down sales or processing on a give-and-take basis, said the expert.

However, S.Kapshuk called the existing export duties on sunflower seed, which provide the Ukrainian domestic market with stable supply of raw material volumes, and also stimulate new investments in efficient re-equipment processes, as a positive factor.

The main tool for further stable development of the fat-and-oil complex of Ukraine is keeping of the export duties on sunflower seed, as well as increasing of the processing rates of soybeans and rapeseed, added the speaker.

You can receive more detailed information about the key points of "Fat-and-Oil Industry - 2017" from the news line of the conference.

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