5 December 2023

In November 2023 Ukrainian companies exported 538k tons of sunflower oil which was by 32% higher m-o-m.

According to data from the Ministry of Agriculture, Ukrainian sunflower oil exports in November 2023 amounted to 538,000 tons, which is 131,000 tons more than the previous month, and 58,000 tons more than in November 2022 (480,000 tons).

In total, during the first three months of the 2023/24 season, Ukrainian companies exported 1.3 million tons of sunflower oil, compared to 1.44 million tons a year ago.

As a reminder in MY2022/23 Ukrainian sunoil export made 5.6 million tons.

The monthly dynamics of the export of Ukrainian sunflower oil during the last two seasons is shown in the following graph:

Sunflower seeds exports remain absolutely insignificant - the sunflower seeds crush margin is lower vs. previous season due to significantly higher competition between processors for the seeds (and on top of this we note the reluctance of farmers to sell sunflower seeds at low prices), which, in turn, makes sunflower exports unprofitable.

Sunflower harvesting in Ukraine has already ended. According to preliminary data of Minagro, sunflower was threshed from an area of 5 million hectares. The yield is 2.38 t/ha, total crop made more than 11.9 million.