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Export volumes of oilseeds in the current year increased by 1 million tons

Export volumes of oilseeds in the current year increased by 1 million tons

Export volumes of oilseeds in the current year increased by 1 million tons

In the current MY, oil exports from Ukraine amounted to 4.3 million tons, which is 1 million tons more than in the past marketing year.

Such information was provided by the State Procurement Service.

During the reporting period, rapeseed exports totalled 2 million tons, compared to 940.000 tons last year. In addition, soybean exports amounted to 3.3 million tons, while last year exports volume of this crop were 2.4 million tons.

It should be recalled that according to the expert this year, the export of sunflower oil is expected to decrease by 10.2%. This year, this figure is expected at 5.3 million tons, while last year this figure was 5.84 million tons.

In the current year, indicators of oilseed crop exports worldwide have increased by 1 million tons compared to the previous year. This is due to the growing demand for vegetable oils and their processed products. The main producers of oilseed crops are Brazil, Argentina, India, and China. Export indicators have also increased in Russia and Ukraine due to the increase in production and improvement in the quality of products. The growth of oilseed crop exports contributes to the development of agriculture and is an important source of income for the economy of many countries. However, environmental aspects and the need for balanced use of land resources should be taken into account.