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Section 2 : Global Palm Oil Market Focus:
Ukraine and Russia Margarine and Industrial Fats Market
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By: Ms. Mozgova Olga
Profile:
Analyst specialized in food industry and agribusiness. Significant experience in preparing analytical materials and market researches of economic trends and legislation of Ukrainian and international markets of material and technical supply of agricultural and food sectors. Formed working contacts with Ukrainian and foreign participants of these markets.
Centre of Marketing Researches "UkrAgroConsult" - head of projects, Analyst of markets of material and technical supply of agricultural sector, animal breeding, meat and dairy and other food markets.
2001-2014 - Coordinator and performer of the following projects:
• 2008-2010 - Feasibility study and business plan of elevator construction, client - Victoria, Goldgrain,
• 2010- Evaluation of prospects of building river elevators and terminals, client - Ukrrichflot,
• 2001-2014 - Ukrainian dairy and meat markets (monthly and annual surveys), clients -USDA, Tetra Pak, ALTA, Lactalis, Elopack, APK Invest etc.,
• 2008-2014 - Ukrainian and Russian starch markets, clients - Toepfer, MHP, Unifex,
• 2011 - Potential of non-energy use of agricultural wastes, client - "Biomasa",
• 2004-2013 - Ukrainian market of plant protection products, clients - Kynetec, Syngenta, BASF, Bayer, Raiz, GreenExpress, Tridenta, Agrokhimcentre etc.,
• 2004-2014 - Ukrainian seed market, clients - Raiz, Solvey, Bayer, Syngenta, Praivat etc.,
• 2012-2014 - Russian sunflower oil and fats market - Troika Dialog, Efko etc.,
• 2012 -2016 - Ukrainian market of special fats and margarines - Maselko, Deloitte. etc.,
• 2015 – Legal regulation of markets of meat and meat products, milk and dairy product in Ukraine, CIS, EU and other countries, client - Deloiette
• 2014 – Food security in Ukraine and ways to prove it, client – World Food Programme
• 2015- The survey of prospects of commodity exchange market and commodity derivatives market,client USAID/FINREP-II
• 2015 - Estimates of development level in Ukrainian grain market, developing the logistics scheme for the planned infrastructure projects in Ukraine, client Daewoo International Corp
• 2016 – Mapping of Russia: Research on Vegoil and Industrial Fats market : client - MPOC
• 2017 - Study on the Impact of Animal Welfare in Ukraine, client EC
VIEW PROFILE
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The production of margarines and industrial special fats is developed quite well both in Ukraine and Russia. The production trends in these countries have both similar and different features. Additionally, the market development in Russia is influenced by the import substitution policy.
In both countries, palm oil represents a significant portion of raw materials for production of margarines and special fats. The key sources of palm oil supplies are Indonesia and Malaysia. Ukraine and Russia have specialized port facilities for handling palm oil.
The margarine production structure both in Ukraine and Russia corresponds to the geographical spread of major producing companies. The fat-and-oil markets in the two countries show strongly pronounced seasonality. These products enjoy the greatest demand in the fall and winter, but it traditionally slackens in the summer.
The behavior of Russian margarine production has been diverse over the recent years. It shows both drops and rises. At the same time, production growth was achieved in Ukraine this year for the first time since 2010. This confirms stabilization and restoration of the Ukrainian market of margarine products.
The recent years featured a decrease in the share of CIS countries in total margarine product exports from Ukraine.
To a substantial extent, the markets of margarines and special fats both in Ukraine and Russia are driven by development trends in the food sectors consuming these products, as well as by foreign-trade activity and consumer preferences.
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Section 2 : Global Palm Oil Market Focus |
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Archives |
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MITIGATING THE NEXT WAVE OF MARKET UNCERTAINTIES Nov 14, '22 ~ Nov 18, '22 |
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ASSESSING 2022: MANAGING OPPORTUNITIES AND RISKS Mar 28, '22 ~ Apr 01, '22 |
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Section 2: Opportunities for Palm Oil in Asian Market Oct 18, '21 ~ Oct 24, '21 |
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Section 1: Oils & Fats Supply, Demand and Outlook Oct 18, '21 ~ Oct 24, '21 |
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Section 1: Price Direction Apr 05, '21 ~ Apr 11, '21 |
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Section 2 : Special Focus on the US Apr 05, '21 ~ Apr 11, '21 |
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POINTERS ON THE PRICE TRENDS Jun 22, '20 ~ Jun 28, '20 |
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Section 1 : CPO Price Trend Feb 24, '20 ~ Mar 01, '20 |
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Section 2: Global Palm Oil Market Opportunities Feb 24, '20 ~ Mar 01, '20 |
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Section 2: Special Focus Aug 19, '19 ~ Aug 25, '19 |
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Section 1 : CPO Price Trend Aug 19, '19 ~ Aug 25, '19 |
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Special Focus - India Feb 25, '19 ~ Feb 24, '19 |
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Section 1: CPO Price Trend Feb 18, '19 ~ Feb 24, '19 |
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Section 2: Global Palm Oil Market Focus Aug 06, '18 ~ Aug 12, '18 |
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Section 1: CPO Price Trend Aug 06, '18 ~ Aug 12, '18 |
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Section 2 : Global Palm Oil Market Focus Jan 29, '18 ~ Feb 04, '18 |
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Section 1: CPO Price Trend Jan 29, '18 ~ Feb 04, '18 |
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Section 2: Regional Focus : CIS Countries Aug 21, '17 ~ Aug 27, '17 |
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Section 1: Palm Oil Price Fundamentals Aug 21, '17 ~ Aug 27, '17 |
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Section 2: Market Challenges and Opportunities Feb 20, '17 ~ Feb 26, '17 |
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Section 1: Price Directions Feb 20, '17 ~ Feb 26, '17 |
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Section 1 : Palm Oil Price Fundamentals Aug 22, '16 ~ Aug 28, '16 |
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Section 2 : Trade Issues and Market Prospects Aug 22, '16 ~ Aug 28, '16 |
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2016 Market Direction - Twists and Turns of Palm Oil Prices Feb 22, '16 ~ Feb 29, '16 |
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Second Half 2015 - Anticipating Market Price Direction Aug 17, '15 ~ Aug 23, '15 |
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Special Focus: Indian Sub-Continent Aug 17, '15 ~ Aug 23, '15 |
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Opportunities, Challenges And Trend In 2015 CPO Price Feb 23, '15 ~ Mar 01, '15 |
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2nd Half 2014: Market Challenges, Predictions And Directions Aug 25, '14 ~ Aug 31, '14 |
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Anticipating 2014 Palm Oil Price Direction Feb 17, '14 ~ Feb 24, '14 |
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Prospects For Second Half Of 2013 - Managing Price Fluctuations Jul 22, '13 ~ Jul 29, '13 |
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Mapping The Palm Oil Price - 2013 Market Perspective Feb 18, '13 ~ Feb 27, '13 |
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Palm Oil : Challenges, Opportunities And Latest Market Directions Aug 06, '12 ~ Aug 17, '12 |
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2012 Price Direction, Issues & Challenges Feb 13, '12 ~ Feb 20, '12 |
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Challenges, Opportunities And Latest Price Trend Aug 08, '11 ~ Aug 16, '11 |
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Challenges, Opportunities And Price Direction Feb 07, '11 ~ Feb 17, '11 |
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2010 Year End Prospects - What Lies Ahead? Aug 02, '10 ~ Aug 08, '10 |
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Dear Ganesan Srinivasan, Thank you very much for your question. Data are given separately for margarines and fats. This are the estimates of UkrAgroConsult on the basis of a comprehensive analysis of statistical and marketing data. Best regards, Olga Mozgova
6 years ago
Dear Ganesan Srinivasan, Thank you very much for your questions. Is vegetable shortening included in your numbers for Russia/Ukraine? We present the estimate of UkrAgroConsult of domestic consumption of sunflower and palm oil. These oils are mainly used in the production of margarines and industrial fats in Ukraine and Russia. The increase of imports of palm oil reduces consumption of vegetable oils, but within the limits of technological regulations. Looks like you include animal fat (assume butter). Do you numbers contain any other animal fat, such as lard? We give examples of the trend in the production of products using industrial fats (spreads, milk containing products), but not trends in the production of animal fats. We have data on the production of animal fats and will be able to provide them on request. Best regards, Olga Mozgova
6 years ago
Dear Hazlan, Thank you very much for your questions. You reported that there is conflict between Ukraine and Russia. How is the edible oil trade between Ukraine and Russia affected following this development. Has it drop drastically? Yes, indeed, the supplies of Ukrainian margarines and fats to Russia fell sharply. If in 2012 supplies from Ukraine to Russia accounted for 65%, 2014 - 54%, 2015 - 24%, then in 2017 their share was only 8%. Ukraine has been seen by some in the business circle as a good distribution hub for edible oil trade including palm oil to the CIS country including Russia. With this development, can the fundamental in Ukraine still support this type of development? In previous years about 25-28% of total tropical oils imports to Russia were supplied through the state-owned Ukrainian ports. During the last 3 years tropical oils transit through Ukraine declined considerably. At the same time, significant volume of tropical oils and processed products may arrive through private port facilities, located on the Black Sea coast. In Ukraine, the largest private terminals / plants for handling and processing of palm oil are located in the port of Ilyichevsk and Yuzhnyi. These are Delta Wilmar CIS and Ilyichevsk Fat and Oil Plant. Almost all exports from Ukraine are carried out by Delta Wilmar CIS. So, Ukraine has well-developed infrastructure and logistics for transportation of tropical oils. Therefore, Ukraine has good prospects as an alternative route for the supply of tropical oils to other countries, for example Belarus, Moldova, Romania, Hungary, Bulgaria, Azerbaijan, Kazakhstan, Armenia and Georgia. Best regards, Olga Mozgova
6 years ago