Ukraine: oilseeds production capacity in 2018/19 MY is 21.7 mln tonnes – APK-Inform

Source

APK-Inform

1130

Summing up the preliminary results in terms of oilseeds of the 2017/18 MY in Ukraine that ended in August it should be noted that the volumes of sunflower seeds processing, export of sunflower oil, meal and soybeans reached the second record number after 2016/17 MY. Herewith, the volumes of soybean processing and the export of soybean oil and meal reached the all time record.

 The new season-2018/19 MY promises to be more productive which in the fundamental context will not lead to the price increase on the export market of oilseeds and by-products. APK-Inform forecasts the oilseeds crop production at 21.7 mln tonnes which is 9% higher against the previous season and is going to be a new record.

 In particular, as of the beginning of September the export bid prices of crude sunflower oil produced from the new crop sunflower seeds declined to the minimum for the last 10 years and were declared at the level of 690-700 USD/t FOB (September-October delivery).

 Herewith, the domestic prices of oilseeds in Ukraine will be supported by the high demand of the processors.

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