Exports of rapeseed oil from Ukraine broke the record after a 6-fold increase

Published 2024년 1월 6일

Tridge summary

In the first half of the 2023-2024 agricultural season, Ukraine's export of rapeseed oil increased sixfold compared to the same period last season, reaching 356 thousand tons, a record for both the first 6 months and the whole season. The majority of the exports are going to EU member states (54%) and China (31%), driven by strong demand in international markets and difficulties with sunflower purchases from Ukrainian processing enterprises. These factors have stimulated an increase in canola processing and exports from Ukraine.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the first half of the 2023-2024 agricultural season, which began on July 1, the export of rapeseed oil from Ukraine jumped almost 6 times compared to the same period last season to 356 thousand tons, according to operational data of analysts of the electronic publication APK-Inform . The result is a record not only for the first 6 months, but also for the season as a whole. The main quantities are exported to EU member states (54% of all deliveries abroad) and China (31%). As the main factors that contributed to the increase in the export of rapeseed oil from Ukraine, the avalizers of the publication point out above all its strong demand in international markets due to ...

Source: Sinor