Monday, November 6 2017 23:10 EET
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Ukraine exports oilseeds worth $1.3 bln in nine months
Ukrainian farmers,exports,Agrarian Economics

Ukrainian farmers exported oilseeds worth US$1.3 billion in January-September 2017, according to the UkrAgroConsult agency referring to the Institute of Agrarian Economics.

"In particular, exports of rapeseed and soybeans in monetary terms amounted to $0.6 billion each, while sunflower oil exports were estimated at $3.2 billion," the agency said in an update. The major importers of Ukrainian oilseeds were Turkey (14.2%), the Netherlands (11.2%), Germany (10.9%), Iran (9.1%), Belgium (8.8%), Egypt (7.4%), and Pakistan (5.5%), which together form two-thirds of the Ukrainian oilseed exporters' income.

India is traditionally the major buyer of animal fats and vegetable oil from Ukraine. Its share in the relevant Ukrainian exports was 32.4% in the nine months of 2017. Other major importing countries were China (10.4%), Spain (10.3%), the Netherlands (7.4%), and Italy (5.5%). Ukrainian exports to the said countries accounted for 66% of the Ukrainian exporters' revenue. As UNIAN reported earlier, Ukraine had increased oilseed export by 1.75 times as of November 2, 2017, to 2.1 million tonnes against 1.2 million tonnes a year ago. In particular, the agrarians shipped 1.7 million tonnes of rapeseed and 0.4 million tonnes of soybeans abroad.

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