Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Ukraine and Russia in the sunoil market: competitors or partners?The 2013/14 season saw sunseed records in Ukraine and Russia. Both countries harvested bumper total sunseed crops and are processing them at a record pace: a combined almost 6.6 MMT of sunoil has been produced in Ukraine and Russia this season..
By: UKRAGROCONSULT The 2013/14 season saw sunseed records in Ukraine and Russia. Both countries harvested bumper total sunseed crops and are processing them at a record pace: a combined almost 6.6 MMT of sunoil has been produced in Ukraine and Russia this season from some 16 MMT of sunseed. For comparison, Ukrainian and Russian crushers processed 14.5 MMT of sunseed and produced 0.5 MMT less sunoil (just 6.1 MMT) for the entire 2012/13 season. The impressive output volumes have aggravated already serious Ukrainian-Russian competition in the sunoil export market. According to UkrAgroConsult, sunoil exports from Ukraine and Russia have already reached a combined 4.9 MMT in 2013/14, including 70% from Ukraine and 30% from Russia. We expect Ukraine and Russia will export a total of 5.5-5.6 MMT of sunoil in 2013/14 and the countries’ shares will remain unchanged at 70% and 30%, respectively. As a reminder, Ukraine accounted for 77% and Russia for 23% of the 2012/13 overall sunoil export volume of 4.2 MMT. Redistribution of markets is an important feature of the current season. Ukraine is increasingly focused on the eastern export destinations: Ukraine and Russia are quite likely to get an excellent sunseed crop in 2014, too. We expect the era of high production and low prices to continue into 2014/15. What will Ukrainian and Russian crushers and exporters face next season? How the exporter shares will be distributed? International Conference “Black Sea Oil Trade – 2014” - is an effective platform for discussion of topical issues in the oilseed market of the Black Sea countries. In 2013 “Black Sea Oil Trade” Conference attracted more than 140 delegates from 22 countries and 110 companies. UkrAgroConsult -All information on an agriculture and the food-processing industry of Ukraine Grain, oilseed, cattle, food industry, local partner identification, rural project management, legal advises. Recognized market analytic about Ukraine, the Black Sea countries and the CIS. Information is available through Internet: daily, weekly, monthly market and outlook reports. Special researches at a customer request. marketing@ukragroconsult.org , www.ukragroconsult.com,+ End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|