Ukraine exported a record 420 thsd tons of rapeseed oil for 11 months of MY 2023/24

The export of rapeseed oil in July-June of 2023/24 MY reached the record level of over 420 thsd tonnes. This is stated in the message of the association “Ukroliyaprom”. Ukrainian rapeseed oil is confidently entering the markets of China, EU, Malaysia, Singapore and other countries. Positive dynamics is also observed in rapeseed meal. The association also added that for the first time in all years, Ukraine processed 1.0 mln tons of rapeseed (22.3% of the 2023 harvest), despite the fact that rapeseed is considered to be mainly an export-oriented raw material. Exports of soybean oil and meal, as well as their production and processing, continue to grow, especially in January-June 2024. “The growth of domestic processing of rapeseed and soybean seeds, as well as a significant increase in exports of high value-added products, namely oil and meal, confirms the EBA’s position on the need to create conditions for maximum processing of oilseeds at domestic facilities. Further development ...