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

Published 2024년 1월 9일

Tridge summary

In the first half of the 2023/24 season, Ukraine exported a record-breaking 356 thousand tons of rapeseed oil, almost six times higher than the previous season. The increase in exports was driven by high demand and attractive prices on the world market, as well as difficulties with purchasing sunflower during the off-season. The majority of the rapeseed oil exports went 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, in the first half of the 2023/24 MY (July-December) 356 thousand tons were exported from Ukraine, which is almost 6 times higher than the figure for the same period of the 2022/23 season and became a record not only for the first half of the MY, but also for the season as a whole. A significant increase in the pace and volume of exports of these products in the current season was facilitated, first of all, by the high demand for rapeseed oil on the world market against the backdrop of attractive prices. Difficulties with the purchase of sunflower during the ...

Source: Oilworld