In the current 2017/18 season (September-June), palm oil imports were still at a five-year high, at 193.3 KMT, that is almost 20% more than in the same period last season (161.6 KMT), reports UkrAgroConsult.
Palm oil imports to Ukraine totaled 19.7 KMT in June 2018 that is almost 18% more than in the previous month (16.7 KMT) and up 23% from June 2017 (16 KMT).
This season’s palm oil purchases from Indonesia were slightly lower than a year ago (135.6 KMT against 137.8 KMT, respectively). At the same time, Malaysia almost doubled exports to Ukraine (40.4 KMT against 22.5 KMT, respectively). Indonesia accounts for 70% of total imports, while Malaysia’s share equals 21%. In addition, Honduras, a new player, got 6% of the market.
Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region is available to subscribers for weekly market report “Black Sea Vegoils” by UkrAgroConsult.
Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the VI International Conference “Black Sea Oil Trade”, which will take place on September 20, 2018 in Hilton hotel, Kiev, Ukraine.
In 2017 International Conference «Black Sea Oil Trade» attracted 250 delegates from 25 countries and 150 companies. Conference participants are usually represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, investment companies, banks, law, shipping, brokerage, insurance and surveyor companies.