As a result of moderate exports of sunflower oil and a significant production deficit in the world market, since the beginning of the war Ukraine has increased the export volume of Sunflower seeds increased rapidly. This contributes significantly to the demand from European, especially Bulgarian and Romanian, processors who have a problem with the underloading of their factories with oil-containing raw materials.
According to the operational data, in the 18 days of May 2022, about 180.000 Tonnen Oil shipped from Ukraine, which is already 64% higher than April exports and has become a monthly high since January 2003.
At the same time, the export of sunflower oil over the same period amounted to about 87 thousand tons (-3% to the indicator over the same period in April this year), which is a monthly low since October 2011.
May totaled the export of Sunflowers from Ukraine to 314 thousand tons, which is almost 45 times the shipment of oilseeds in March-May of the previous season. In this case, the export of sunflower oil for the specified period was 357 thousand tons, which is 72% worse than in March-May of the 2020/21 season.
At the same time, monthly exports of Sunflowers to the EU from July 2022 due to the seasonal increase in interest from European processors Rapeseeds will decline, the new harvest of which could come onto the market as early as June. Against this background, the export of Ukrainian sunflower oil in this direction may increase somewhat, but remains limited by the capacity of functioning crossings.