Thursday, September 2, 2010

Ukraine's share in world trade in sunflower oil may grow to 65% - BG Capital

September 2, 2010 (UKRINFORM). Ukrainian weather proved to be favorable for most oilseeds. In this regard, BG Capital experts predict an increase in sunflower yield by 5%.
Given the growth in the harvesting areas under the crops by 5%, a record harvest of sunflower is expected at 7 million tons, according to research materials. According to analysts, prerequisites for lifting the export duty on sunflower seeds this year are not forecasted. 95% of the total crop will be processed within the country. Against the background of the expected significant reduction in exports of sunflower oil from Russia, as well as the decline of production in Argentina, the leading positions of domestic producers in the world market are projected to strengthen. As a result of the marketing year, the share of Ukraine in world trade in sunflower oil may rise to 60-65% from 53% in 2009/10.