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Demand for Ukrainian sunflower oil in Malaysia to grow this year — Ambassador

KUALA LUMPUR, There will be a stronger demand for sunflower oil imported from Ukraine as edible oil consumers in various Asian countries, including Malaysia, are moving toward healthier food choices, said Ukraine Ambassador to Malaysia Olexander Nechytaylo.

Nechytaylo said the promotion of healthy lifestyle and nutrition is one of the main reasons why consumers of edible oil, especially sunflower oil, are increasing in Malaysia.

There is a growing demand for healthy vegetable oils and sunflower oil is one of them. Moreover, Ukrainian producers can offer for Malaysian consumers very competitive high-oleic sunflower oil.

According to the State Statistics Service of Ukraine in January-November 2019, Ukraine exported to Malaysia 72.4 thousand tonnes of sunflower oil with a total cost of US$54.5 million. This is 36 per cent of our total export to Malaysia.

As compared to the same period of 2018, the growth of export of sunflower oil to Malaysia has reached 105.4 per cent. We expect it to grow in 2020 and upcoming years as well, he told Bernama.

Commenting on the health benefits of sunflower oil, the envoy said it strengthens the immune system, rich in antioxidants, and also contains protein that is necessary for healthy functioning.

Sunflower oil contains 12 times more amount of vitamin E than olive oil. It also contains vitamin D that helps the body to better absorb important elements such as calcium, he added.

Ukraine is the world leader in the supply of sunflower oil, and Ukrainian sunflower oil is a popular product with annual growth in exports.

Nechytaylo said Ukrainian sunflower oil is exported to more than 90 countries and it has sufficient potential to increase production by increasing the yield of oilseeds in its own fields.

Despite that, more than 50 per cent of our sunflower oil is exported to the Asian market, (and) the main consumer is still India.

According to the State Statistics Service of Ukraine in January-November 2019, Ukraine exported 5,523.5 thousand (5.5 million) tonnes of sunflower oil where 34 per cent of it was exported to India, followed by the European Union (29 per cent), China (16 per cent) and Iraq (five per cent), he said.

Source: BERNAMA (News Agency)

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