Sunflower Processing in Ukraine Hits Three-Month High, Exports Drive Growth across the global market
08/04/2024 (Chemanalyst) - According to recent estimates by market analysts, Ukraine signifying one of the major exporters of Sunflower and its downstream Sunflower oil to the global market witnessed a notable surge in Sunflower processing during the entire month of March, reaching a three-month high of nearly around of 1.49 million tonnes. This marks a significant 9% increase compared to February and a robust about 10% rise from March 2023 figures. The cumulative processing of Sunflowers in Ukraine for the first seven months of the 2023/24 marketing year has also seen substantial growth, totaling nearly around 9.3 million tonnes. This represents an 11% surge compared to the same period in the previous season, reaching the highest level recorded in the past three seasons and approaching pre-war figures of about 9.6-10.5 million tonnes in the September-March timeframe.
