Ukraine increased sunflower oil exports to India

Ukraine increased sunflower oil exports to India

Ukraine increased sunflower oil exports to India

The FINANCIAL -- According to the monitoring by APK-Inform Agency, in September-April of 2017/18 MY Ukraine exported 1.7 mln tonnes of sunflower oil to India, which became 20% higher compared with the same period last season.

In particular, in April 2018 the supplies increased for four running month, and reached a record monthly level at 285 thsd tonnes.

APK-Inform analysts forecasted that in the whole season-2017/18, Ukraine can potentially export 2.4-2.5 mln tonnes of sunflower oil to India.

The Ukrainian sector of sunflower oil gets benefits only from increasing of the import duties on palm oil in India, which attractiveness somewhat declined compared with other vegetable oils.