05 May 2024 / 04:40
Ukraine has become the world's leader in exports of sunflower oil at the end of the 2019-2020 marketing year
Ukraine has become the world's leader in exports of sunflower oil at the end of the 2019-2020 marketing year (MY, September 2019 through August 2020). This was reported by the Ukroilprom Association, according to UNIAN.
During the reporting period, Ukraine boosted exports of basic types of vegetable oil by US$5.28 billion, which was 16.9% more than in the previous season, it said. Sunflower oil exports reached a record 6.68 million tonnes (10.2% up year-on-year) to the tune of US$4.9 billion, 17% up. Global suppliers of sunflower oil Meanwhile, Ukraine's share in global exports of sunflower oil was 54.9%. For comparison, the share of Russia on this market at the end of the season was 26.2%, Argentina accounted for 6.2%, the European Union for 5.1%, and Turkey for 3.3%. The US Department of Agriculture (USDA) estimates that Ukraine will remain the global leader in exports of sunflower oil in MY 2020/2021. Background In 2019, Ukraine exported US$2.5 billion worth of oilseeds and US$4.3 billion worth of sunflower oil. Germany was the largest importer of oilseeds from Ukraine last year, accounting for 19% of all shipments, while India was the largest buyer of Ukrainian-made vegetable oil, accounting for 30% of its purchases.
Latest newsLatest newsAzerbaijan hosts World Forum on Intercultural Dialogue
01 May 2024 / 13:38
63 people detained during Tbilisi protest
01 May 2024 / 13:32
Armenia’s Pashinyan spills water on his desk, clothes to explain what he is doing in Tavush Province
30 April 2024 / 13:25
Armenia, Azerbaijan FMs to meet in Kazakhstan
29 April 2024 / 13:40
Aram I: Mr. Erdogan, our ancestors were massacred by your ancestors, don't try to oppose diaspora to Armenia
24 April 2024 / 14:20
Azerbaijan and Armenia start border delimitation process
23 April 2024 / 11:38
Armenia premier: Our society asks why we continue to be member state of CSTO?
23 April 2024 / 11:30
Ilham Aliyev on his way to Moscow for talks with Vladimir Putin
22 April 2024 / 10:39
German Foreign Ministry reacts to agreement between Armenia and Azerbaijan on border delimitation
22 April 2024 / 10:32
Is Pashinyan going to attend Putin's inauguration?
17 April 2024 / 14:40
Russian peacekeepers’ pulling out from Nagorno-Karabakh has begun, Kremlin confirms
17 April 2024 / 14:34
Tokayev: Kazakhstan ready to offer platform for Armenia-Azerbaijan negotiations
15 April 2024 / 13:37
U.S. refuses to join Israel in retaliatory action against Iran
15 April 2024 / 11:33
Olivier Decottignies: France is providing Armenia military gear everyone’s desperate to get
09 April 2024 / 13:58
Ruben Vardanyan nominated for Nobel Peace Prize
08 April 2024 / 13:48