Ukraine sun­flower oil ex­ports rise

China Daily (USA) - - BUSINESS -

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.

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