EU will increase imports of sunflower oil from Ukraine
Ukraine’s AgroPortal website reported on November 11 that imports will increase due to the EU’s forecasted lack of sunflower seed production.
According to Ukrainian UkrAgroConsult, EU sunflower seed production in the 2020/21 market is expected to fall to 8.9 million tons (950,000 tons less than the previous forecast, and 1.3 million tons less than the previous season), which will be the 2016/17 market year The lowest level. Sunflower oil imports are expected to increase by 400,000 tons to 2 million tons (230 tons in 2019/20 market). Among them, imports from Ukraine will account for 90% of imports.
In addition, soybean imports are expected to increase by 700,000 tons to 15.7 million tons (14.7 million tons in the 2019/20 market), and soybean oil to increase by 53,000 tons to 400,000 tons (455,000 tons in the 2019/20 market).
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