Ukraine sunflower oil exports rise
Ukraine expects record high exports of sunflower oil in the current marketing year. That is being driven by strong demand from Asian markets, according to a forecast by the association of the country’s vegetable oil producers Ukroilyaprom, unveiled by local media onMonday. Ukroilyaprom estimated that in the current marketing year, which runs from September 2016 to August 2017, Ukraine will produce about 5.5 million metric tons of sunflower oil and export 4.9 million tons. “Global market conditions, especially a strong demand from China and India, will be the key drivers of Ukraine’s oil market,” Ukroilyaprom said in its forecast.