KIEV: In 2015/16 MY, the production volumes of sunflower oil in Ukraine will vary within 4.179-4.7 mln tonnes, which will allow providing the export potential at the level of 3.7-4.2 mln tonnes, forecasted the Regional head of the AGRI direction at Cotecna Ukraine Limited, Olga Tovkun on November 5 during her speech at the international conference “Fat-and-Oil Industry – 2015” in Odessa.
The forecast is based on the fact that the domestic consumption of sunflower oil in Ukraine covers nearly 10% of the produced volumes, and the exports – nearly 90%, explained the expert, according to APK-Inform.
Also, achievement of the reporting indicator will allow to Ukraine to keep its leading position on the world export market of sunflower oil, which share reaches nearly 54.3% (3.7 mln tonnes).
India is the main buyer of Ukrainian sunflower oil, and covers 41% of the export structure. The EU countries purchase nearly 12% of the reporting volume, China – 10%, Iran – 7%, Egypt and Spain – 5% each, said O.Tovkun.