Russian rapeseed exports hit an all-time high

03.05.2018

Russian rapeseed exports in July-February 2017/18 expanded to 178.8 KMT that is already almost three times as much as for the whole of MY 2016/17 (68.7 KMT), reports UkrAgroConsult.

In addition, this is an all-time high for this period. Rapeseed supplies from Russia totaled 5.1 KMT in February 2018 that was down 39% from January 2018 (8.4 KMT) and down 9% from February 2017 (5.6 KMT).

The top rapeseed importers were China (56% of total exports) and Mongolia (20%). The EU increased purchases considerably (7%). Following a two-year break, Bangladesh actively resumed rapeseed imports (5%). A substantial export share (5%) was absorbed by a new end market such as Nepal (5%).

Further prospects of the oilseeds/vegoils market developments in the countries of Black Sea region will be discussed at the VI International Conference “Black Sea Oil Trade”, which will take place on September 20, 2018 in Hilton hotel, Kiev, Ukraine.

Growing role of Black Sea countries and rising demand for high-quality information and analysis determine significance and importance of “Black Sea Oil Trade” Conference which is entirely devoted to oil and fat sector.

Annual International Conference “Black Sea Oil Trade” – is an effective platform for networking with oilseed industry operators and discussion of the latest drivers in oilseed and vegoil sector of Ukraine and Black Sea region.

In 2017 International Conference «Black Sea Oil Trade» attracted 250 delegates from 25 countries and 150 companies. Conference participants are usually represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, investment companies, banks, law, shipping, brokerage, insurance and surveyor companies.

 

UkrAgroConsult

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