In 2016/17 MY, Ukraine to keep its leading positions in the global production and exports of sunflower oil – Ukroliyaprom

In 2016/17 MY, the production volumes of sunflower seed in Ukraine will reach the record level of 13.5-14 mln tonnes, declared the General Director at the association Ukroliyaprom, Stepan Kapshuk on October 27 during his speech at the international conference "Fat-and-Oil Industry - 2016" in Odessa.

According to him, such production level in the new season will allow to Ukraine to keep its leading positions on the global market in sunflower oil production, which will increase to 5.5 mln tonnes, as opposed to 4.9 mln tonnes in 2015/16 MY, and its export volumes, which in 2016/17 MY will exceed 4.9 mln tonnes, against 4.5 mln tonnes last season.

Also, S.Kapshuk added that the expected level of shipments of Ukrainian sunflower oil will rise the Ukraine's share in the global exports of the commodity to over 56% in 2016/17 MY.

As for the production of sunflower meal in Ukraine in 2016/17 MY, the index will reach almost 5.5 mln tonnes, including nearly 4.95 mln tonnes for exports. Such volumes will provide nearly 56.4% of the global trade with sunflower meal, said the speaker.