Ukraine farm exports fall almost 10% in January, lobby group says

Ukraine’s agricultural exports in January fell by almost 10% from December, largely because of lower oilseed shipments, the UCAB business association said on Monday.

Ukraine is a global grower and exporter of grain and oilseed and the world’s leading exporter of sunflower oil.

UCAB’s statement said that grain exports decreased by 3% from December to 3.5 million metric tons while oilseed sales were down 39% at 352,000 tons. Vegetable oil exports rose by 2% to 424,400 tons.

The association has said declines were caused by current market conditions, a decrease in food stocks intended for export and the desire of farmers to sell their products at a more favourable time for higher prices.
Source: Reuters