Ukraine reduced the exports of sunflower oil to Egypt

Ukraine reduced the exports of sunflower oil to Egypt

Ukraine reduced the exports of sunflower oil to Egypt

The FINANCIAL -- According to the preliminary statistics figures of the season-2017/18 (September-August), Ukraine exported 62.2 thsd tonnes of sunflower oil to Egypt, against 204 thsd tonnes in the previous season (down 3.3 times).

The general reduction of the consumption and imports of sunflower oil from Egypt in the reporting season, the growth of the domestic production and consumption of soybean oil, increasing of purchases of more attractively priced Russian sunflower oil, became the main reasons for reduction of the product supplies to Egypt, said the oilseed market analyst at APK-Inform Agency, Julia Ivanitskaya.

In addition, in 2017/18 MY Ukraine almost stopped exporting refined sunflower oil to Egypt, while in the previous season the shipment volumes totaled more than 60 thsd tonnes.

For two recent seasons, Egypt dropped from the 8th to 10th position in the rating of countries-importers of Ukrainian crude sunflower oil, and refined oil — from the 2nd to 45th position.