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Export of sunflower oil from Ukraine has reached record levels, China is the leader

Export of sunflower oil from Ukraine has reached record levels, China is the leader

Export of sunflower oil from Ukraine has reached record levels, China is the leader

During the period from September to November 20/21, Ukraine exported 1.6 million tons of sunflower oil, which is a record. During the same period last year the amount of exported oil was 16% less.

In November, export volumes reached its highest value and amounted to 757 thousand tons, which is 32% more than in November 2019. This value has influenced the export volumes of 20/21 MY the most. The amount of oil supplied to China reached 313 thousand tons (more than 41% of total sunflower oil exports in November 2020).

Consequently, since the beginning of the season, China (32%) has become the largest importer of Ukrainian sunflower oil. India has become the second largest importer with import share of 29% and the EU countries took the third place (22%).

Due to the reduction in production and processing of sunflower seeds, the export of Ukrainian sunflower oil in 20/21 MY is forecasted to be 5.8 million tons, not 6.63 tons as in the previous MY, which is 13% less.