Ukraine's sunseed exports may fall 29% to 1.2 mln T in 2022/23 - APK-Inform

Kitco Media
By Reuters
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Reuters
KYIV, March 7 (Reuters) - Ukrainian sunflower seed exports may decrease 29% to up to 1.2 million tonnes in the 2022/23 September-August season amid in a stable work of the Black Sea grain export corridor, analyst APK-Inform said on Tuesday. The Black Sea Grain Initiative was brokered by the United Nations and Turkey last July and was extended in November, but it is due to expire on March 18 unless an extension is agreed. It aimed at ensuring Kyiv can keep shipping grain to global markets. Ukrainian sunseed exports reached a record 1.63 million tonnes in 2021/22. After the Russian invasion in February 2022, Ukrainian ports were closed for about half a year and traders preferred to export more expensive sunseed than grain by rail. "If exports by deep-sea ports are suspended again ... sunseed exports in the 2022/23 season could reach 2.5-3 million tonnes," APK-Inform said. Two senior Ukrainian government sources said on Tuesday that Ukraine has started online talks with partners on extending the grain export corridor. Ukraine harvested around 10.5 million tonnes of sunflower seeds in 2022. (Reporting by Pavel Polityuk, Editing by Louise Heavens)

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