Ukraine: attractive price and high demand are the main reasons for confectionery sunflower production

Ukraine: attractive price and high demand are the main reasons for confectionery sunflower production

Ukraine: attractive price and high demand are the main reasons for confectionery sunflower production

The FINANCIAL -- According to APK-Inform polling data, more than half of the respondents named the attractive price as the major reason for production of confectionery sunflower seed in Ukraine. Also, 28% of polled Ukrainian agrarians named high demand for the commodity as the major reason, declared Anna Burka, oilseed market analyst at APK-Inform Agency, on September 18 during her report at the conference "High-oleic market in Ukraine: no bubble but evolution".

At the same time, nearly 9% of the respondents reported that they cultivate the oilseed for the specific customer, which minimizes the risks associated with looking for new sales channels, A.Burka said.

Also, the expert informed that nearly 9% of the households which are engaged in sunflower seed production in Ukraine, steadily cultivate the confectionery oilseed variety. According to the polling data, despite popularization of confectionery sunflower varieties, the majority of agrarians (76%) still prefer cultivating traditional oilseed varieties. It should be noted that in the current year, the share of such companies increased, due to the fact that some agricultural enterprises producing both traditional and confectionary sunflower seed, started declining from production of the latter oilseed. The low oilseed yield, observed last year, became the main reason for such market development, as well as difficulties with its selling, said the analyst.

At the same time, A.Burka stressed that the list of main limiting factors for increasing of confectionery sunflower production includes production risks, limited capacities of the selling markets, deficit of free planted areas for the oilseed planting at households, etc.