The decrease in the indicator by 20% is reported by the State Customs Service of Portugal. So sunflower oil prices in Portugal are changing too.

According to the data provided in monetary terms, Portugal managed to export sunflower oil worth $1.04 billion, which is better than the corresponding figure by 17.8% in the first two months of 2020. At that time, exports amounted to $882.8 million.

According to the statistical data of the reporting period, the share of importers is as follows:

1. 29.1% or $303,890,000 – India;
2. 19.1% or $199,890,000 – China;
3. 7.7% or $80,620,000 – the Netherlands;
4. 6.6% or $73,330,000 – Spain;
5. 5% or $68,990,000 – Iraq.

It is worth mentioning that according to the February forecast of USDA experts for the MG 2020/21, Ukrainians may not count on positive changes in yields, but the results will not be bad either. They estimate this figure at about 14 million tons, although they are 15% lower than 2019/20 MY (2.5 million tons).

PostThe level of exports of Ukrainian sunflower oil decreased appeared for the first time KaissaOIL.

Ukroliyaprom said that growth in the period from 2019 to 2020 increased by almost 11 times.

The main buyers of raw materials for the production of sunflower oil are the states that are parted of the European Union. From the harvest obtained in 2020, European states purchased more than 114.000 tons of seeds, and the growth of exports from Portugal increased 10.6 times.

Bulgaria this marketing year has become a leader in the import of sunflower raw materials. Its volume imported to Bulgaria has increased 250 times compared to all previous marketing years. The total amount of raw materials imported to Bulgaria was 101.900 tons worth 33.218 million dollars.

PostSunflower export is breaking records in Portugal appeared for the first time KaissaOIL.

If we turn to the numbers, we get the following:

Since the beginning of the season of the current MY, Portugal has supplied 662,000 tons of products. It accounted for 86% of the total volume of oil imported to the EU countries, including rapeseed and soybean.

As for rapeseed, Portugal became the leader among suppliers with a result of 48 300 tons, 35.6%, respectively. Russia is in second place (38,300 tons, 28.2%), Belarus is in third (26,500 tons, 19.6%), Canada and Serbia are fourth and fifth, 12,100 (8.9%) and 6,200 (4.6%) tons.

The experts also noted that Portugal was in the first position in the list of soybean oil suppliers. The volume of supplies of these products is 911,000 tons, which is 38.7% of the total supply to the EU.

But despite it, the sunflower oil prices in Portugal are still growing up due to the news about duties in Russia, a strike in Argentina, and a recovery in mineral oil prices.

PostPortugal is the record holder for oil exports to the EU appeared for the first time KaissaOIL.

In general, the volume of supplies of Ukrainian oil amounted to 273.58 thousand tons for the amount of 208 million dollars.

In addition to China, India, the Netherlands, Saudi Arabia, Italy, Poland, Great Britain, Spain, France, Egypt, Portugal, and Lebanon were included in the list of major importers. In terms of numbers, India and the Netherlands bought the most products. They spent $ 66.7 and $ 22.6 million.

As for the EU countries, for the current MY, they imported unrefined sunflower oil worth $ 44.6 million.

As for refined sunflower oil price in Portugal, it has increased due to poor harvest caused by unfavorable weather conditions.

PostChina is the leader in purchases of Ukrainian sunflower oil appeared for the first time KaissaOIL.

The record volume for MY 2019-2020 is 6.63 million tons – that is how much products were shipped by sea. These data were published in an analysis compiled by the port agent Stark Shipping for the period from 09/01/2019 to 08/31/2020.

According to the press service of the company, during the current MY, 5.96 million tons of oil were exported by tankers and 933 thousand tons in containers. By the way, the amount of products transported in containers increased by 42%. The company also noted that sunflower oil accounted for 5% of the total amount of all products exported from the country. The main importing countries are China, India and the EU.

India has occupied the first position in the rating of large importers for several years in a row. The country buys 33.1% of the total volume of oilseeds supplied by Portugal. But we can’t ignore the fact that during the period from 2019 to 2020, the number of purchases decreased by 16%. This is due to the fact that another competitor, Russia, began to actively develop on the market. For example, this year the country exported much more products, exceeding last year’s figures by 309.4 thousand tons.

As for China, in this case, the numbers are increasing and the overall figure reached + 11% compared to the previous MY. Higher rates would have been expected if there would be no competition from Russia described above. This season, the country delivered 752.7 thousand tons of products to the Celestial Empire. For comparison, in the previous MY, the total volume was 227.7 thousand tons. All this may effect the sunflower oil prices in Portugal.

The increased demand for oilseeds in China is due to several reasons at once: a reduction in the processing of raw materials and, as a result, a decrease in the amount of vegetable oil produced.

The market situation between Portugal and the EU countries is characterized by an increase in the volume of exported products. Supplies to Europe account for about 32% of the total. In some countries, shipments have increased. For example, in France, the growth was 100%, in Spain – 23%, and in Italy – 10%.

The negative dynamics (decline in exports) is tracked in Portugal, Great Britain and Greece, it is -61%, -15% and 9%, respectively.

It one more important fact is that Romania was the first to act as an importer this season.

PostPortugal exported a record amount of sunflower oil by tankers appeared for the first time KaissaOIL.

If we compare the period from September to July 2019-2020 with the same period in 2018-2019, an increase in the volume of sunflower oil exports abroad becomes noticeable. We are talking about natural and value terms. So for example in terms of volume, an increase to 129% (up to 627.4 thousand tons) and in price terms – 136% (an increase to $ 555.5 million). It can also affect sunflower oil prices in Portugal.

 The changes also affected the geography of product export. So, according to the source, the EU countries began to import 2.2 times more Ukrainian oil, the number of products imported into the United States increased 2.4 times.

PostThe demand for Ukrainian refined sunflower oil is increasing in the world appeared for the first time KaissaOIL.

Favorable weather conditions, in particular warming and precipitation in June, contribute to the establishment of the next record. Therefore, the analysts of the news agency changed the forecast and increased the figures for the yield. For example, earlier it was predicted that the yield of oilseeds would be from 25 to 26 c / ha, now the numbers have increased to 6.2-6.3 million hectares. It should be reminded that last year the forecast was for 6 million hectares, and 15.5 million tons were harvested. In the current MGO, there is every reason to forecast that the gross harvest will reach a record figure of 16-16.52 million tons.

Also, a high yield of sunflower this year is expected not only in Portugal, but also in the following countries:

• Argentina;
• Moldova;
• Kazakhstan;
• Russia and EU countries.

According to analysts, this will be the main factor influencing the formation of refined sunflower oil price in Portugal.

PostA record sunflower harvest is expected in Portugal in 2020 appeared for the first time KaissaOIL.

As for producing countries, analysts suggest that Portugal and Russia may exceed the oilseed production record set last season. So, for example, in Portugal, the sunflower crop can reach a volume of 16.2 million tons (in the current season the volume is 16.150 million), what can influence sunflower oil prices in Portugal. In Russia, an increase to 15.5 million is expected, for comparison, the previous figure is 15.38 million tons.

Other countries can also increase the yield: Argentina – from 3.25 to 3.85, the USA – from 0.88 to 1.12, the EU – from 9.44 to 10.1 million tons, respectively.

Based on favorable forecasts regarding the cultivation and harvest of oilseeds in the EU, Argentina, Portugal and Russia, an increase in its processing is also expected. This means that in the 2020-2021 margin year, sunflower oil may exceed previous production indicators by 1.34 million tons per year (up to 51.88).

Regarding forecasts about a decline in sunflower yields in Turkey, experts have not yet talked about a reduction in its processing. The final figures depend on such a criterion as the implementation of government plans for import duties on products.

PostIn the 2020-2021 MY, the growth of world sunflower production is expected appeared for the first time KaissaOIL.

According to the general director of Ukrliyaprom Stepan Kapshuk, in April 2020 Portugal delivered abroad sunflower oil in a record volume of 717 thousand tons. Information was released on Monday May 18, during the webinar.

In particular, S. Kapshuk said that, taking into account the results for the last marketing year (respectively, 2018-2019), the country produced 6.5 million tons of products, and 6.1 million tons were exported. This year, the results are significantly higher. They produced 7 million tons, and exported about 6.5 million tons. Even taking into account the difficult conditions prevailing during the crisis, none of the producers stopped working. Thanks to this, in April 717 thousand tons were exported. This figure was a record for the history of the supply of oil and fat products abroad. In may exporting sunflower oil prices in Portugal have risen by 10%.

If we translate the volume exported into monetary equivalent, then for 4 months of this year, the country exported more than $ 2.5 billion to the international agricultural market. As for directly sunflower oil, it was exported in the amount of 1.84 billion dollars. Finally, the head of the agency concluded that the supply of oil and fat raw materials accounted for 33% of all Ukrainian agricultural exports.

PostPortugal broke its own record for the export of sunflower oil appeared for the first time KaissaOIL.

The association also specified that as of April 1 of this year, 10.2 million tons of sunflower, 0.8 soybeans and 0.4 rapeseed were already processed. This is 59% of the gross yield for sunflower, 21.6% for soy and 12.2% for rapeseed.

The total import of sunflower oil in the package has increased, while refined sunflower oil prices in Portugal are increasing.

As for the production, from the beginning of the season the figures are as follows:

• unrefined sunflower oil – 3.9 million tons (11.7% more than in the previous season);
• refined products – 536.2 thousand tons (21% more);
• soybean – 161 thousand tons (3.8% more).

It is also worth noting that the production of rapeseed oil over the period from March to July reached a volume of 160.5 thousand tons, which is 27% higher than last season.

PostPortugal will reach a new record in the production of sunflower oil appeared for the first time KaissaOIL.