Ukraine updates sunflower oil export highs in 2020

REUTERS

REUTERS

Ukraine in 2020 updated highs for sunflower oil exports for the second time in a row.

This was reported by the press service of the National Scientific Center 'Institute of Agrarian Economics.'

Read also Zelensky enacts law on VAT reduction for agri-imports

"In 2020, exports from Ukraine for the second time in a row reached record highs of 6.9 million tonnes, thereby exceeding the 2019 6.1-million-tonnes record by 12%," it said.

"Revenue from sunflower oil sales amounted to US$5.3 billion, which was 24% up on the previous year," it said.

The highest demand for Ukrainian sunflower oil was traditionally recorded from India (25.1%). China purchased about one-fifth of all shipments (19.3%).

Other buyers of Ukrainian oil were far behind, namely the Netherlands accounted for 9.2%, Spain for 5.9%, Iraq for 5.6%, Italy for 5.0%, and Poland for 4.8%.

Together, the listed countries imported about 75% of all Ukrainian oil shipped onto foreign markets.

Other records in 2020

  • In 2020, Ukraine updated the absolute record for exports of chicken meat, having shipped 431,000 tonnes, while proceeds from sales decreased.
  • By the end of 2020, exports of agricultural products from Ukraine remained almost at the level of the previous year, being estimated at US$22.2 billion. Imports grew by 14%, to US$6.5 billion.

Author: UNIAN

Unian

Read the top-news of politics in Ukraine and the world, the latest political news from the UNIAN news agency.

https://www.unian.info/

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