Ukraine becomes global leader in sunflower oil shipments / REUTERS
Shipments of major types of vegetable oil from Ukraine grew by US$5.28 billion.
Ukraine has become the world's leader in exports of sunflower oil at the end of the 2019-2020 marketing year (MY, September 2019 through August 2020).
This was reported by the Ukroilprom Association.
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During the reporting period, Ukraine boosted exports of basic types of vegetable oil by US$5.28 billion, which was 16.9% more than in the previous season, it said.
Sunflower oil exports reached a record 6.68 million tonnes (10.2% up year-on-year) to the tune of US$4.9 billion, 17% up.
Meanwhile, Ukraine's share in global exports of sunflower oil was 54.9%. For comparison, the share of Russia on this market at the end of the season was 26.2%, Argentina accounted for 6.2%, the European Union for 5.1%, and Turkey for 3.3%.
The US Department of Agriculture (USDA) estimates that Ukraine will remain the global leader in exports of sunflower oil in MY 2020/2021.
In 2019, Ukraine exported US$2.5 billion worth of oilseeds and US$4.3 billion worth of sunflower oil.
Germany was the largest importer of oilseeds from Ukraine last year, accounting for 19% of all shipments, while India was the largest buyer of Ukrainian-made vegetable oil, accounting for 30% of its purchases.