Production of sunflower and soybean oils in Ukraine closed the 2018/19 season at record highs, reports UkrAgroConsult.
In MY 2018/19, production of sunflower and soybean oils increased 14% and 44% from a year earlier, respectively.
In the first two months of MY 2019/20, rape oil output gained 4.4% versus the same period last season.
Sunflower seed crush in August was the lowest since the beginning of the 2018/19 season, while rapeseed crush hit an all-time high.
The VAT rate for palm oil is raised from 10 percent to 20 percent from October 1, 2019.