Russia. Rapeseed processing remains all-time high in the 2018/19 season

22.02.2019

Russia produced 31.7 KMT of rapeseed oil in December 2018, or 14.3% less than in the previous month and almost 29% less than in December 2017.

The current season featured a vigorous start: rapeseed processing stayed at a peak level throughout its first four months. Although rapeseed oil production had somewhat decreased by the mid-season, its overall volume in the first half of the marketing year (July-December) remained all-time high at 288.8 KMT (up 47% on the year), reports UkrAgroConsult.

According to UkrAgroConsult’s estimates, total rape oil production in the 2018/19 season will be at least 500 KMT. The reasons include the largest rapeseed crop in Russian history and a favorable situation in rapeseed product markets.

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Grain" on the online platform AgriSupp by UkrAgroConsult.

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