Export of rapeseed oil from Ukraine in 2023/24 increased almost 6 times

Published Jan 5, 2024

Tridge summary

Ukraine exported 356,000 tons of rapeseed in the first half of the 2023/24 financial year, which is almost six times more than the previous year, setting a new record. This increase was driven by high global demand for rapeseed oil and difficulties with sunflower purchases, leading Ukrainian plants to process more rapeseed. The majority of the rapeseed oil was shipped to EU countries (54%) and China (31%) during this period.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to operational data, 356,000 tons were exported from Ukraine in the first half of the 2023/24 financial year (July-December), which is almost 6 times higher than in the same period of the 2022/23 season and became a record not only for the first half of the financial year , but also for the season as a whole. This is reported by APC-Inform. A significant increase in the pace and volume of exports of this product in the current season was primarily facilitated by the high demand for rapeseed oil on the world market against the background of attractive prices. Difficulties with the purchase of sunflowers during ...

Source: Agravery