Ukraine 2019/20 sunoil exports rise 10% -producers

KYIV, Sept 10 (Reuters) - Ukraine, the world's largest sunflower oil exporter, increased its sunoil exports by around 10% in the 2019/20 September-August season to 6.68 million tonnes, the national sunoil producers association said on Thursday.

The association said in a report the country also exported 335,000 tonnes of soybean oil and 184,000 tonnes of rapeseed oil.

Analyst APK-Inform this week said Ukrainian sunflower oil export prices had risen sharply this month supported by a possible decrease in the sunflower seed harvest and strong demand from importers.

It said bid prices had risen by $70 to $90 per tonne in September to $945-950 per tonne FOB Black Sea as of Sept. 9.

The Ukrainian economy ministry last week said the 2020 sunseed production could fall by 8.5% to 14 million tonnes from 15.3 million tonnes in 2019.

The association said last week it could cut its outlook for the 2020 sunflower seed crop depending on weather conditions, but would maintain its forecast of 15 million tonnes for now. (Reporting by Pavel Polityuk; editing by Jason Neely)

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