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

Published 2024년 7월 19일

Tridge summary

Ukraine's export of rapeseed oil reached a record high of 422 thousand tons in the marketing year July-June 2023/24, according to the Ukroliyaprom association. The export is making inroads into markets like China, EU countries, Malaysia, and Singapore. There has also been a positive trend in rapeseed meal. The association is advocating for conditions to maximize oilseed processing domestically. It forecasts the growth of Ukraine's oil and fat industry to be led by soybeans and rapeseeds rather than sunflower seeds.

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Original content

The export of rapeseed oil from Ukraine in July-June 2023/24 of the marketing year reached a record level of 422 thousand tons. This is reported by APC-Inform with reference to data from 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. Read also: Productivity of ...

Source: Agrobusiness