In May Ukraine reduced sunflower seeds processing by 25%

Source

APK-Inform

2387

According to APK-Inform Agency, in May of 2020/21 MY volume os sunflower seeds processing in Ukraine was the lowest since the beginning of the season and totaled 793.4 thsd tonnes. Moreover, it was down 25% against April and also was the lowest May figure in 8 years.

 Analysts believe that processing volumes reduction is caused by the sunflower oil export market conjuncture and the demand on the product from the main importers, and also by limited supplies of the product. Moreover, the existing quota for the export of sunflower oil from Ukraine which will be valid until the end of the current season effects the trading activity in this market segment.

 We should note that total volumes of sunflower seeds processing in September-May of 2020/21 MY totaled 11.2 mln tonnes, down 15% year-on-year.

Advertising

Enter