Ukraine, the world’s largest sunflower oil exporter, is expected to increase sun oil exports by 17% in the upcoming marketing year, to 6.5 million tons.

With cooking oil price hikes pushing up Ukraine’s March inflation, the Economy Ministry and the Ukroliyaprom Trade Association agreed Monday to limit sunflower oil exports to 5.38 million tons in the marketing year that ends August 31. Due to high cooking oil prices worldwide, Ukraine’s sunflower oil sales in calendar year 2020 were $5.3 billion, a 24% increase over 2019 sales.