Ukrainian rapeseed crushers may set a new record

05.07.2017

The 2016/17 season will be remembered for a sharp fall in Ukraine’s rapeseed crop to 1.2 MMT (567 KMT or 32% less than last year).

The decline in rapeseed production had an impact on its crushing volumes. Most oil extraction plants were not prepared to compete with exporters for available volumes of the commodity. So, these crushers yielded them to traders. Ukraine supplied 1026 KMT of rapeseed to foreign markets in 2016/17 season, maintaining a downward trend in this commodity’s exports for a third consecutive season.

Although rapeseed harvesting has just started in Ukraine, it can be said with certainty already now that we are going to see a good rapeseed crop. This means the 2017/18 season promises to be quite busy, both from the viewpoint of exports and domestic processing, UkrAgroConsult notes.

Full version of the article is available to subscribers for weekly market report “Black Sea Vegoils +CIS” and “Online market review” by UkrAgroConsult.

Further prospects of the world oilseeds/vegoils market will be discussed at the V International Conference “Black Sea Oil Trade”, which will take place on September 19, 2017 in Hilton hotel, Kiev, Ukraine.

Annual International Conference “Black Sea Oil Trade” – is an effective platform, providing oilseed industry operators with vast networking opportunities, exclusive analytics of Ukrainian and Black Sea agri market, insights for development of the long term business strategies.

Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, agriholdings, investment companies, banks, legal, shipping, brokerage, insurance, surveyor companies etc.

Early Bird registration rate is available! Market operators from 10 countries have already registered to take part. 

Follow the updates, Agenda and Speakers at the conference website.

 

UkrAgroConsult

 

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