Ukraine. Rapeseed meal exports at a three-year low

06.08.2018

June 2018 saw this season’s lowest monthly volume of Ukrainian rapeseed meal exports (0.118 KMT) – this normally happens in the last months of each marketing year. Total meal exports during MY 2017/18 (July-June) hit a three-year low of 65.4 KMT, down almost 16% from a year ago (77.8 KMT), reports UkrAgroConsult.

As before, the biggest importer of Ukrainian rapeseed meal is the European Union, which absorbs 78% of total exports of this product from Ukraine. The second place in terms of import volumes is held by Israel (12%). Turkey, having resumed rapeseed meal purchases this season after a pause in MY 2016/17, became the third largest buyer with a 5% share.

According to UkrAgroConsult’s estimates, domestic rapeseed processing is expected to increase in the new 2018/19 season (+32%). This will reverse the export trade trend of the last two seasons: export potential will get back to 100 KMT.

Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting 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. 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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