Ukraine imports 12.4KMT palm oil in February 2017

KIEV: Ukraine imported 12.4 kilo metric ton (KMT) of palm oil in February 2017 against 11.6 KMT in January 2017 and 15.2 KMT in February 2016.

This season’s palm oil imports (September-February) totaled 98.6 KMT, i.e. they are still 4% ahead of last year (94.6 KMT in September-February 2015/16).

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Indonesia continues holding the top position among palm oil exporters this season, reports UkrAgroConsult. So, the country’s share in imports of this vegoil to Ukraine has increased to 83.2% (98.6 KMT) in MY 2016/17, remaining at a ten-year high. Correspondingly, Malaysia’s market share has shrunk to 15.8% (15.6 KMT).

In addition, Ukraine imports minor amounts of palm oil from Sweden, Russia, Belgium, the Netherlands and Italy.

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the V International Conference “Black Sea Oil Trade”, which will take place on September 19, 2017 in Hilton hotel, Kiev, Ukraine.