"Fat-and-Oil Industry - 2018" Ukraine, Kyiv

DATE
Nov 6, 2018

Ukraine: fundamental factors to establish the further development of the fat-and-oil industry — expert

Source

APK-Inform

1416

2018/19 MY continues demonstrating 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 in Ukraine, declared the General Director at the association Ukroliyaprom, Stepan Kapshuk during his report within frames of the conference "Fat-and-Oil Industry - 2018" in Kyiv, on November 6.

At the same time, the high and almost stable purchasing prices for sunflower seed remained the unique feature of the Ukrainian oilseed market — not less than 400 USD/t. The trend did not change, even despite the current reduction of sunflower oil export prices. In addition, the marginality of sunflower seed processing continues decreasing. Also, it should be noted the escalating competition between grains and oilseeds, because the figures of planted areas under wheat and sunflower seed started gradually approaching, said the expert.

According to S.Kapshuk, in the current terms the fat-and-oil industry of Ukraine faces the task to develop in conjunction with the further growth of the raw material base, taking into account the needs of allied sector of the food industry.

Also, he stressed the available resources in the domestic fat-and-oil industry — underutilised capacities of oil extraction plants, their reconstruction processes, and introduction of modern methods of vegetable oils processing (interesterification, fractionation).

At the same time, keeping of the current export duties on sunflower seed and flaxseed, as well as formation of conditions for the maximum processing rates of soybeans at domestic enterprises, are the main conditions for the further stable development of the Ukrainian fat-and-oil complex, the speaker concluded.

You can become acquainted with more detailed information of the conference "Fat-and-Oil Industry - 2018" from the news line at our web-site.

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