The role of Ukraine in the world sunflower oil market

Local companies know how to combine the brand new technologies and favorable climate and soil to grow a high-quality product. Thanks to these factors, Ukraine offers the best sunflower products at reasonable prices.

Sunflower is one of the most widespread agricultural plants in Ukraine. This plant oil will remain popular due to being rich in Vitamin E and Omega-6 fatty acids. Local companies know how to combine the brand new technologies and favorable climate and soil to grow a high-quality product. Thanks to these factors, Ukraine offers the best sunflower products at reasonable prices.

The role of Ukraine in the world sunflower oil market
Ukraine keeps playing a vital role in this market segment. Ukraine is not only a top producer of the vegetable oil but also a top exporter. It covers almost 60% of the total supply of all sunflower oil on a global market. Nearly 95 % of all manufactured vegetable oil in Ukraine is produced for export.

What does influence the price of sunflower oil?
Several factors have an impact on oil prices. First of all, the market for vegetable oils is interconnected. That is why the price changes for palm or soy oil can affect the cost of sunflower products.

The second important factor is the state tax policy. There is no need to explain how it affects a pricing policy; taxation directly connected to price formation. Plus, the transportation type, packaging, and bottling type chosen by a client will also influence the price formation. As a rule, companies sell unrefined and refined vegetable oil in bulk and bottles, and the price will vary depending on the chosen type.

What is sunflower oil price in Ukraine in 2019?
The latest news says that the sunflower oil prices in Ukraine increased sharply at the beginning of November 2019. As you see, the market is pretty unstable and influenced by many factors.

One of the factors is that Russian increased its production of sunflower in 2019 and sells it to India, one of the primary vegetable oil importer, at a more attractive price. This is the reason why Ukraine imported less to India compared to previous periods.

Despite any competition factors, Ukraine has an enormous history of vegetable oil manufacture. Ukrainian vegetable oil is one of the most demanded and high-quality in the world.

For example, Kaissa produces oil from seeds grown up in the Kherson region. This Ukrainian region is famous for its most fruitful soil in the world. The seeds are 100% organic and non-GMO, as no chemicals had been used to produce them.