Головна Market News Ukraine exported 4.8 MMT of sunflower oil in 2016

Ukraine exported 4.8 MMT of sunflower oil in 2016

According to the report of Ukroliyaprom association, last year the Ukrainian enterprises exported oils and fat products worth of 4.8 bil USD against 4.2 bil USD in 2015. In general, as noted by “Ukroliyaprom”, last year the sunflower oil production growth rate was 18-19%.

Notably, the proportion of oil and fat products exports in total exports of goods from Ukraine amounted to 13%, in the export of agricultural products it equaled 30% while in the exports of the food industry – 70%.

The Association also stressed that in 2016 oils and fats industry of Ukraine showed a significant increase of sunflower production and export of sunflower oil, which is explained by a record gross sunflower seed harvest in 2016 (13.6 MMT) and by the prolongation of export duty on sunflower seeds, which indirectly ensures maximum processing at domestic facilities.

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