Ukraine reduced rape oil exports in the current season

05.01.2018

Ukraine exported 2.2 KMT of rape oil in November 2017 against 8.9 KMT in the previous month and 10.8 KMT in November 2016. A total 59 KMT of this product was supplied to foreign markets in MY 2017/18 (July-November), or almost 4% less than at the same time last year (61.4 KMT). The reason is a significant rise in rapeseed exports, which more than doubled, reports UkrAgroConsult.

The first months of the current season feature a decline in the end markets for Ukrainian rape oil. The number of importing countries almost halved against last year. As before, the bulk was exported to European countries (86% of total exports). China stepped up rape oil purchases from Ukraine more than three times and accounted for 13% of total exports.

 

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