Ukraine boosts oilseed meal exports, with EU, China as main consumers

MOSCOW. Aug 14 (Interfax) - Ukrainian oilseed meal exports 12% in July year-on-year to 290,000 tonnes, Ukrainian media reported citing to the APK-Inform information and analytical agency.

Ukraine's exports of oilseed meal in July were the highest for this month in the last four seasons, but is 28% smaller than in June, the agency said.

Exports to China dropped to 179,000 tonnes, while shipments to the European Union rose to 102,000 tonnes in July, it said.

"The EU has a protective import duty on Russian and Belarusian products, as a result of which the prospects of Ukrainian oilseed meal on the European market may improve noticeably," the agency said.

The EU did not import sunflower meal from Russia in July and bought it from Ukraine (78%) and Argentine (14%), the agency said citing European Commission data. Sunflower meal was imported from Kazakhstan (4%) for the first time in a long time, it said. The share of Russian sunflower meal imports stood at nearly 27% in the 2023-2024 season (July 2023 - June 2024) and 22% in the 2022-2023 season.