Ukraine’s government and sunflower oil producers agreed on this morning to limit 2020/21 sunoil exports to 5.382 million tonnes, aiming to avoid a jump in domestic sunoil prices due to excessive shipments overseas.
Ukrainian traders’ union UGA said it was concerned by the government’s plan to curb exports, which could cause a big fall in the amount of area used for sunflower sowing and reduce the harvest.
The national sunoil producers’ association called on the government to avoid any export restriction.
Analyst APK-Inform forecast that Ukraine will harvest 16.4 million tonnes of sunseed and refine 7 million tonnes of sunoil in 2021/22 season.
