The production and exports of Sunflower oil increased by 2022 percent in the 2023/25,4 marketing year compared to the last marketing year, and that of sunflower meal by 27,3%.
According to the Ukroliaprom association, exports of Sunflower seeds decreased by 2023% in the first eight months of 2022 compared to the corresponding period of 58, allowing a significant increase in processing at domestic facilities and therefore the production and export of high added value products.
In the 2022/2023 financial year, production and exports increased Soybean oil by 18% and exports of Soy meal by 19,4%. These figures could have been even higher if domestic soybean processing had increased, especially since the export of soy products occurs primarily by road and rail.
Despite the forecast 15% increase in sunflower seed production in the 2023/2024 marketing year, sunflower resources are expected to decline as transition balances are significantly reduced at the beginning of the marketing year.
“Under these circumstances, it is only possible to reach the level of processing in the 2022/2023 marketing year if the maximum processing of sunflower seeds takes place in domestic facilities and the solution of the logistical problems related to the supply of sunflower oil and sunflower meal for export is ensured “, – said the message.
Also the processing of rape seed The 2023 harvest has increased significantly, which is due to a significant increase in Rapeseed oil exports in July-August of the 2023/2024 financial year is confirmed by more than twenty times compared to the corresponding period of 2022.
For the 2023/2024 financial year, there will be a significant increase in production of the most important Oilseeds by 18,8 percent expected.
The growth is attributed to both an area increase of 12,1% and an average yield increase of 5,7% (favorable weather conditions). The highest production increase is forecast for sunflower seeds – by 15%.
Source: Ukragroconsult (Ukraine)