As expected, the mayonnaise market has been experiencing a seasonal production increase for a third straight month. So, in November 2018, mayonnaise output by Ukraine’s large and medium-sized crushers recovered to the two-year level, reaching 12.4 KMT against 11.2 KMT in the previous month.
However, 2018 mayonnaise production (January-November) was persistently below last year’s (down 2.1% at 109.3 KMT against 111.6 KMT in January-November 2017), staying at an abysmal low.
In 2018 the most substantial adverse impact was exerted by April’s figure, when mayonnaise production fell by almost 22% against the same month in 2017 (down 2.6 KMT).
Taking into account this year’s trends, UkrAgroConsult estimates annual mayonnaise output at 123-124 KMT. Thus, mayonnaise producers will be unable to maintain its recovery that started last year (125.5 KMT).
Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.
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Within the first four months of 2018/19 season (September-December) Ukraine exported 67KMT of soybean oil against 44.2KMT at the same period of last year.