India enjoy Ukrainian rapeseed oil


Analysis of rapeseed and its processed products exports shows typical reduction of rapeseed supply to foreign markets in favor of its processed products export shipments - rapeseed meal and rapeseed oil. This is evidenced by rapeseed crushing increase in the country. For instance, in the 2015/16 marketing year the share of crushed rapeseed in total production reached 20.2%, providing with additional reserves for Ukrainian goods to enter new markets.

In the 2015/16 season rapeseed processed products export shipments set a new record. Rapeseed meal exports increased to 170.0 KMT compared with 127.9 KMT in the previous season, rapeseed oil – to 154.9 KMT compared to 111.6 KMT.

Over the past three seasons rapeseed oil exports geography has been extended to the east. If in the 2013/14 season EU countries were the main, if not the only importers of Ukrainian rapeseed oil, then in 2015/16 China with a share of more than 26% of total exports, India - 8.7% and Malaysia 2.8% were among largest buyers. Besides, EU countries increased imports of Ukrainian rapeseed oil from 55.6 KMT, or 50% of total.

Full version of the article is available to subscribers for weekly market report “Black Sea Vegoils & CIS” and “Online market review” by UkrAgroConsult.




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