Romania: total sunflower oil exports may set a new record this season

According to available data, Romanian sunflower seed exports by sea in September-June 2018/19 were still noticeably behind last year, despite a large crop.  

In the period under review exports are already 17% less than a year earlier. This season’s exports went almost entirely to EU countries in view of a crop decrease in the EU’s biggest sunseed supplier, i.e. France. This season’s total sunflower seed exports from Romania will be the second highest on record, but its volume is estimated below our initial expectations.

The drop in exports is caused by the fact that Romania is stepping up sunflower seed crush and sunflower oil exports.

According to our estimates, Romanian sunflower oil exports in MY 2018/19 (September-August) may reach another record and beat last season`s maximum by 10%.

Full version of the article is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative platform AgriSupp.com by UkrAgroConsult. AgriSupp.com is a reliable analytical tool for agri market participants that contains historical and current market data, daily updates on grain, oilseed and pulses markets. We offer 2-week trial! Completely free!

Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators – the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.

‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.

More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegoils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.

UkrAgroConsult