Ukraine increased its export of vegetable oils to the EU

Published Jan 28, 2024

Tridge summary

From July 1, 2023 to January 14, 2024, Ukraine saw a significant increase in its vegetable oil exports to the European Union, with a 23% rise compared to the same period in the previous agricultural season. This includes a doubling of rapeseed oil exports and a 23% increase in sunflower oil exports, despite a 5% drop in soybean oil exports. However, the export of meal to the EU slightly decreased, with a notable 24% drop in sunflower meal exports being offset by a 43.6% increase in soybean meal shipments. Meanwhile, the export of oilseed crops to the EU nearly halved during this period.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Between July 1, 2023 and January 14 this year, Ukraine exported almost 1.4 million tons of vegetable oils to the member states of the European Union - 23% more than in the same period of the previous agricultural season, according to data from the European Commission . Rapeseed oil saw the strongest growth - exports to the EU doubled to 93,190 tonnes, while sunflowers rose by 23% to 1.178 million tonnes. Soybean oil, however, recorded a drop of 5% to 118,720 tons. The export of meal from Ukraine to the EU member states during the specified period decreased by less than 2% on an annual basis to 839 thousand tons. The weaker result was a result of sunflower meal exports falling 24% to 497,330 tonnes, while soybean meal shipments jumped 43.6% to 220,250 tonnes and rapeseed shot up 170% to 121,420 the ton. As for the export of oilseed crops ...

Source: Sinor