Ukraine remains the world’s largest exporter of sunflower oil, although Russia is actively expanding its processing capacity and seeking to displace Ukrainian producers from their traditional markets. Russia has already partially capitalized on the situation that developed after the start of the full-scale war and has taken a foothold in the Indian market, where Ukraine had been the number one supplier. The picture is similar in the markets of Turkey and Italy, where Russia is significantly strengthening its presence.At the same time, the Ukrainian sunflower processing industry remains critically dependent on exports, since domestic consumption does not exceed 300,000 tons. Despite an export potential of up to six million tons of oil per year, in recent years, due to logistics and yield constraints, shipment volumes have not reached five million tons. The top three global leaders in sunflower oil exports are Ukraine (33%), Russia (30%), and Argentina (14%). Ukrainian oil continues to be in the premium segment, and exports of rapeseed oil from Ukraine are rapidly growing. Additionally, Ukraine’s oilseed production is projected to rise next season.https://ubn.news/ukraine-maintains-its-leadership-in-the-sunflower-oil-market-with-a-33-share-despite-pressure-from-russia/ (ICE KIEV)

Fonte notizia: Ukrainian Business News www.ubn.news