Ukraine exports oilseeds worth $1.3 bln in nine months

Ukrainian farmers exported oilseeds worth US$1.3 billion in January-September 2017, according to the UkrAgroConsult agency referring to the Institute of Agrarian Economics.

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"In particular, exports of rapeseed and soybeans in monetary terms amounted to $0.6 billion each, while sunflower oil exports were estimated at $3.2 billion," the agency said in an update.

The major importers of Ukrainian oilseeds were Turkey (14.2%), the Netherlands (11.2%), Germany (10.9%), Iran (9.1%), Belgium (8.8%), Egypt (7.4%), and Pakistan (5.5%), which together form two-thirds of the Ukrainian oilseed exporters' income.

Read alsoUkraine almost doubles oilseed exports since July 1India is traditionally the major buyer of animal fats and vegetable oil from Ukraine. Its share in the relevant Ukrainian exports was 32.4% in the nine months of 2017. Other major importing countries were China (10.4%), Spain (10.3%), the Netherlands (7.4%), and Italy (5.5%). Ukrainian exports to the said countries accounted for 66% of the Ukrainian exporters' revenue.

As UNIAN reported earlier, Ukraine had increased oilseed export by 1.75 times as of November 2, 2017, to 2.1 million tonnes against 1.2 million tonnes a year ago. In particular, the agrarians shipped 1.7 million tonnes of rapeseed and 0.4 million tonnes of soybeans abroad.

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