Ukraine processed 1 million tons of rapeseed for the first time, record oil exports

Published 2024년 4월 19일

Tridge summary

In 2023, Ukraine achieved a significant milestone in its agricultural sector by processing over 1 million tons of rapeseed, marking a 23.3% increase from the previous year's harvest. This achievement was highlighted by the Ukrainian Association of Producers of Oil and Fat Products Ukroliyaprom and Latifundist, alongside a record export of 400,000 tons of rapeseed oil during the 2023/24 marketing year, primarily to China, the European Union, Malaysia, Singapore, and other Asian countries. This growth in rapeseed processing, which has seen a 21% increase over the past two years, is part of a larger trend in the processing of oilseed plants such as sunflower and soybean, supported by the country's authorities despite a ban on exporting rapeseed to neighboring countries.

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Original content

According to the Ukrainian Association of Producers of Oil and Fat Products Ukroliyaprom, in 2023 rapeseed processing in Ukraine exceeded the limit of 1 million tons of seeds for the first time in history, which constitutes as much as 23.3 percent of last year's total harvest - we read on the Latifundist website. Rapeseed oil exports have also reached a record level in the current 2023/24 marketing year. Ukraine has so far sold 400,000 abroad. tons of rapeseed oil. The main export directions are China and European Union countries, followed by Malaysia, Singapore and other mainly Asian countries. The dynamic growth in exports also applies to rapeseed meal. As reported by Latifundist, rapeseed processing in Ukraine has increased by 21% over the last two years. The agricultural portal also notes that despite the ban on exporting rapeseed to neighboring countries, the area ...

Source: Farmer.pl