Головна Market News Production of major oilseeds in Ukraine at the end of 2016 amounted...

Production of major oilseeds in Ukraine at the end of 2016 amounted to 19.03 MMT of gross weight

It has been reported by the press-service of Ukroliyaprom association.

In particular, sunflower harvest amounted to 13.6 MMT; soy – 4.28 MMT; rape – 1.1 MMT.

It is noted that the growth of yields provided record production of sunflower, which is 22% more than in the previous year.

“Despite the global financial and economic crisis, the depreciation of the hryvnia currency and limited credit resources, Ukraine has maintained a leading position in production and export of sunflower oil in the world market”, – noted by the Association spokesman.

It is also noted that increased production of refined sunflower oil (+5%) in 2016, which showed growth after a break, has a positive impact on the Ukrainian grain market.

However, officials in Ukroliyaprom are concerned about the decline in the production of soy and rapeseed oil (-36%) due to the massive export of rapeseeds and soybean seeds.

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