Ukraine: Oilseeds and Products Annual

For marketing year (MY) 2024/25, Ukrainian farmers are forecast to increase area under all the major oilseeds except for sunflowers. However, regarding production volumes, this increase might be somewhat dampened by lower yields compared to the high levels of MY2023/24. The crush industry is back on track to crushing almost all available sunflower seeds in the country, yet low oil and meal prices depress their margins. The EU became the primary market for Ukrainian oilseeds, oils, and meals due to the temporary suspension of import duties and quotas by the EU, and this trend is expected to continue in MY 2024/25. Ukraine can currently export oilseeds directly to its traditional overseas destinations cost-efficiently from some of its ports after regaining control over export routes in the Black Sea.