Ukraine: in the near future soybean and rapeseed production volumes may reach sunflower seed production




In 2011/12 MY Ukraine will continue to be one of the world leaders in both spheres of sunflower seeds production (8 mln tonnes in registered weight) and sunflower oil production (3.25 mln tonnes), informed Stepan Kapshuk, General Director of the Association Ukroliyaprom, at the conference "Fat-and-Oil Industry - 2011", held in Kiev on November 25.

According to him, to date Ukraine is the leading exporter of sunflower oil in the world - 2.8 mln tonnes, or 54% of the volume of world exports of the vegetable oil.

S.Kapshuk also noted that although sunflower is the most profitable crop in the country, during recent three years rapeseed and soybean production volumes also increased. In the nearest future it is expected that these two crops (soybeans and rapeseed) in terms of production volumes may reach the level of sunflower production.

Generally, in 2011/12 MY production volumes of major oilseed varieties in Ukraine will exceed 12 mln tonnes with processing capacities in the country at the level of 11 mln tonnes (as of September 1, 2011). At the same time, S.Kapshuk noted that the capacities show the trend for further developing.