In 2023/24, Ukraine exported a record amount of rapeseed oil

Published 2024년 7월 18일

Tridge summary

Ukraine's rapeseed oil exports have reached a record high of 422 thousand tons for the July-June 2023/24 marketing season, according to the Ukroliyaprom association. The exports are finding their way to China, EU countries, Malaysia, and Singapore, among other countries. There has also been a positive trend in rapeseed meal exports. Domestic processing of rapeseed and soybean seeds is on the rise, leading to a increase in exports of high added value products like oil and meal. This trend aligns with Ukroliyaprom's strategy to develop Ukraine's oil and fat industry by focusing on the processing of oil crops such as soybeans and rapeseeds, rather than just sunflower seeds.

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Original content

The export of rapeseed oil from Ukraine in July-June 2023/24 MR reached a record mark of 422 thousand tons. This fact was stated by the Ukroliyaprom association. "Ukrainian rapeseed 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," the association said in a statement. At the same time, it is emphasized that the increase in domestic processing of rapeseed and soybean seeds, as well as a significant increase in exports from Ukraine of products with high added value, namely oil and meal, confirms the association's position on the need to create conditions for maximum processing of oilseeds at domestic facilities. "We envisage ...

Source: Agravery