Ukraine started supplying rapeseed meal to Vietnam

10.02.2017

Rapeseed meal exports from Ukraine totaled 4.6 KMT in December2016 against 6.8 KMT in November 2016 and 12.2 KMT in December 2015. Overall, 71.1 KMT of this product was supplied to foreign markets in July-December 2016/17 that is almost half as much as in the same period a year ago (133.5 KMT), reports UkrAgroConsult.

This season’s condition of the world rapeseed market prompts Ukrainian traders to actively export this commodity (over 90% of its export potential has been realized). As a result, the rapeseed crushing volume shrank by half and exports of rapeseed products, in particular rapeseed meal, dropped respectively.

The capacity of traditional markets has shrunk in view of this season’s decline in rapeseed meal export potential. As before, the top importers include European countries (66% of total exports) and Israel (15%). Belarus accounts for 9% of total exports, although it started purchasing this product from Ukraine as recently as the current season. In addition, the first cargoes of rapeseed meal went to Vietnam in December 2016.

 

UkrAgroConsult

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