For the first time, 1 million tons of rapeseed were processed in Ukraine

Published 2024년 4월 15일

Tridge summary

In a significant development for Ukraine's agricultural sector, the country has processed a record 1.0 million tons of rapeseed from its 2023 harvest, representing 23.3% of the total yield. This marks a notable shift towards domestic processing of a crop traditionally aimed at export. From July-March 2023/24, Ukraine exported an unprecedented 400,000 tons of rapeseed oil to major markets such as China, the EU, Malaysia, and Singapore, alongside a rise in rapeseed meal exports. The 'Ukroliyaprom' Association views this surge in domestic processing and the export of value-added products like oil and meal as a promising sign for the expansion of Ukraine's oil and fat industry, suggesting potential growth beyond sunflower seeds to include soybeans and rapeseeds.

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Original content

For the first time in all years, 1.0 million tons of rapeseed were processed in Ukraine (23.3% of the 2023 harvest). And this despite the fact that rapeseed is considered mainly export-oriented agricultural raw materials. This was reported by the press service of the "Ukroliyaprom" Association. The export of rapeseed oil in July-March 2023/24 MR reached a record mark of 400,000 tons. Rape oil confidently enters the markets of China, EU countries, Malaysia, Singapore and other countries of the world. Positive dynamics are also observed in rapeseed meal. Continuation of the growth of exports of soybean oil and meal, and accordingly their production and processing, especially in January-March 2024. "The growth of domestic processing of rapeseed and soybean seeds, as well as a significant increase in the export of products with high added value, namely oil and meal, confirms the Association's position regarding the need to create conditions for maximum processing of oilseeds at ...

Source: Agrotimes