News & Updates

Ukraine has increased the export of oilseeds by a third

by | Nov 19, 2021 | Oil Seeds, Rape Seeds, Sunflower Seeds

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ODESA: Ukraine in January-September 2021 exported oilseeds for a total of $ 1.409 billion. This is 36% more than the same period last year.

According to the results of nine months of this year, rapeseed occupies the leading position – 1.7 million tons. Export sales of soybeans amounted to 0.5 million tons. Sunflower seeds export volumes are, as a rule, minimal due to extensive local manufacturing facilities.

Rapeseed prices in main ports remain on the level 650-700 $/t.

Purchase prices for sunflower in Ukraine this week increased by 200-400 UAH/t to 19.000-19.600 UAH/t  with delivery to the plant.

The high cost of truck delivery and the increase in corn supplies to ports are holding back sunflower sales by producers. Oil manufacturers have to raise purchase prices, despite smaller processing profitability.

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