Turkey boosted sunflower seed imports

Turkey imported 804 KMT of sunflower seed in January-June (up 278 KMT year-on-year), reports UkrAgroConsult on the basis of estimates made by Oil World.

The top importers include Moldova (286 KMT), Romania (168 KMT) and Russia (135 KMT). Imports from Russia increased manifold against last year, when 3 KMT was purchased. Supplies from Argentina rose to 31 KMT. For the first time, Turkey bought sunflower seed from Hungary (16 KMT).

Imports of the commodity are forecast to lower in July-December because of domestic production and an increase in import tariff (from USD 59/MT to USD 90/MT).

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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.

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