2016/17 MY: Asian sunflower oil market prospective

The experts are unanimously sure that in the coming years Ukraine will not lose its world leadership as a producer of sunflower oil. The United States Department of Agriculture has recently improved its forecasts concerning the harvest of sunflower in Ukraine in 2016, which means an increased production of sunflower oil by Ukrainian oil-extracting factories. The American analysts forecast the increase of sales volumes of both refined and crude sunflower oil. In the previous season a serious struggle for the market outlets was developing between the exporters from Russia and Ukraine. The Ukrainian exporters won the day mostly due to the anti-Russian sanctions from the EU. As for the experts, they forecast that it is the market of the countries of Asia: China, India, Turkey and several other Asian countries that is to become the main platform of a serious struggle between Russia and Ukraine for the extension of the market potential in this sector in 2016-2017 MY.

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