India enjoy Ukrainian rapeseed oil

21.07.2016

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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