Huge scale of import of rapeseed, sunflower, and soybean oil from Ukraine to Poland: Is this the reason for low rapeseed prices?

Published 2024년 2월 25일

Tridge summary

Poland has seen a significant increase in oil imports from Ukraine, with the Central Statistical Office reporting a rise from 100,000 tons in 2016 to approximately 700,000 tons in 2023. The highest total oil imports to Poland were recorded in 2022, with around 1 million tons. The report also highlighted a demographic shift, with approximately 450,000 people leaving Poland in 2022.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Data from the Central Statistical Office show that approximately 700 thousand tons of oil (rapeseed, sunflower, soybean) was imported to Poland in 2023 from Ukraine. For comparison, in 2016 it was 100,000. tons and in 2020 approx. 380 thousand tone. What is important is the fact that until August 2023, genetically modified rapeseed could be grown in Ukraine. It should also be added that mainly sunflower oil comes to us from Ukraine. In general, total oil imports to Poland were the highest in 2022, when they reached the level of approximately 1 million tons. If we assume that approximately 3 kg of rapeseed is needed to produce 1 kg (i.e. 1.12 liters) of rapeseed oil, we obtain the equivalent of as much as 3 million tons of rapeseed. About 1 million hectares of this species are cultivated in Poland, which, with an average yield of 3 t/ha, gives 3 million tons of rapeseed. Imports were therefore huge and could have destabilized prices. As we can see in the figures showing exports, ...

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