Ukraine exported more than 2 MMT of rapeseed this season

21.06.2018

In July-April 2017/18 2090.6 KMT was supplied to foreign markets that is much more than in the last three seasons but 20.5% below the 2630 KMT export record set in MY 2008/09, reports UkrAgroConsult.

Rapeseed export shipments dropped to 7.4 KMT in April 2017/18 from 11 KMT in the previous month and 50.5 KMT in April 2016/17.

The range of export destinations did not change significantly in the current season. The EU continued stepping up imports of Ukrainian rapeseed, absorbing 82% of their total.

As a reminder, Pakistan resumed rapeseed purchases from Ukraine this season and became its second top importer with a 9% share. In addition, interest in Ukrainian rapeseed is still shown by Bangladesh (3%), UAE (3%), Israel (1%), and Iran (1%).

UkrAgroConsult’s analysts optimistically estimate 2018 rapeseed crop size. Ukrainian farmers continue harvesting rapeseed in the southern regions of the country (Zaporizhia, Odesa, Kherson). The first parcels show the yield of 1.61 MT/ha that is slightly lower compared to last year. The 2017 rapeseed harvesting campaign started in the late June.

More detailed information on the latest trends in oilseeds/vegoils/meals exports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.

Further prospects of the Black Sea oilseeds/vegoils market 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.

In 2017 International Conference «Black Sea Oil Trade» attracted 250 delegates from 25 countries and 150 companies.

 

UkrAgroConsult

Readers choice: TOP-5 articles of the month by UkrAgroConsult