For the first time, 1 million tons of rapeseed were processed in Ukraine

Published 2024년 4월 18일

Tridge summary

In a notable shift towards enhancing its domestic agricultural processing capabilities, Ukraine has processed 1 million tons of rapeseed from its 2023 harvest, representing 23.3% of the total yield. This move underscores a strategic pivot from primarily exporting raw agricultural materials to focusing on the domestic production and export of higher-value products such as rapeseed oil, which saw a record export volume of 400,000 tons between July 2023 and March 2024 to key markets including China, the EU, Malaysia, and Singapore. The 'Ukroliyaprom' association highlights this trend as a crucial development direction for Ukraine's oil and fat industry, aiming to expand processing capacities not only for sunflower seeds but also for soybeans and rapeseeds. Despite mixed projections for oilseed production in the 2024/25 fiscal year, with expectations of increased soybean output and a potential decrease in rapeseed production, the focus on domestic processing marks a significant strategic shift for the country's agricultural sector.

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

Original content

For the first time in all years, 1 million tons of rapeseed were processed in Ukraine (23.3% of the 2023 harvest), and this is despite the fact that rapeseed is considered mainly export-oriented agricultural raw materials. This was reported by the association "Ukroliyaprom". At the same time, the export of rapeseed oil in July-March 2023/24 MR reached a record mark of 400,000 tons. 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 growth of domestic processing of rapeseed and soybean seeds, as well as a significant increase in the export of products with high added value, namely oil and meal, confirms the need to create conditions for maximum processing of oilseeds at domestic facilities. The further development of the oil and fat industry of Ukraine consists not only in increasing the processing of sunflower seeds, but ...

Source: Agravery