Ukraine will retain its position in the market of sunflower seed and its products in MY 2019/20

Ukraine closed the 2018/19 season with a number of records in the sunflower seed segment. Its performance was pushed up by a record total crop of sunflower seed, reports UkrAgroConsult.

As a result, sunflower seed exports grew (+133% from MY 2017/18). Its key importers included Turkey with 55% (replaced the EU in the top position), EU countries with 30%, and Azerbaijan with 5%.

Sunflower oil production in MY 2018/19 is estimated at a record 6.5 MMT (up 15.5% from MY 2017/18). Sunflower oil and meal exports reached record levels (up 14.3% for oil and 13.2% for meal compared to MY 2017/18).

Concerning 2019/20 outlook, according to UkrAgroConsult, sunflower crop will remain at close to record level. Export potential of the sunflower oil market remains as high as last year, while sunflower seed exports will drop.

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UkrAgroConsult