80% of the produced sunflower meal was exported from Ukraine
In 17/18 MY, the production of sunflower meal and cake reached 5.200.000 tons. At the same time, export volumes amounted to 4.2 million tons.
These data were provided by APK-Inform.
The intensification of the export supplies of meal occurred due to the increase in world prices of the meal at the beginning of this year. The increase in prices, in turn, was due to a small soybean harvest in Argentina, and, subsequently, to a decrease in production and export volumes of soybean meal.
This year, China has become one of the main countries importing these products, with an import volume of more than 150 thousand tons.
It should be recalled that since the demand for protein products continues to increase in the world, Ukraine is trying to keep up with global trends in production. The current marketing year may be marked by increase in the export of all types of vegetable meal.
Ukraine produces a significant amount of sunflower meal, which is an important source of protein for livestock. However, 80% of the produced meal was exported to other countries. The main buyers of Ukrainian sunflower meal are Turkey, Iran, and China.
The export of sunflower meal from Ukraine has good prospects as this product is in demand on the world market. In addition, Ukraine has significant land resources and technological capabilities to increase sunflower meal production. However, to successfully develop sunflower meal exports, it is necessary to ensure high product quality and maintain competitive prices on the world market.