Ukraine: Record exports of rapeseed, meal and oil

Published May 18, 2024

Tridge summary

In 2023, Ukraine saw a significant increase in rapeseed seed harvest, with a 26% rise to 4.2 million tons compared to the previous season. The country is also experiencing a record high in rapeseed exports, with over 3.58 million tons already shipped out in the first ten months of the 2023/24 marketing year, a 5% increase from the previous year. Along with the seeds, 406.1 thousand tons of rapeseed oil and 351.9 thousand tons of rapeseed meal have also been exported. With no major damage to crops from spring frosts and predictions of over 4 million tons of rapeseed to be harvested this year, it is anticipated that rapeseed will remain Ukraine's most profitable crop, particularly due to an expected deficit in Europe that is likely to be met with imports from Ukraine and Australia.

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

Original content

The State Statistical Service reported that in 2023, 4.2 million tons of rapeseed seeds were harvested in Ukraine, which was an increase of 26% compared to the previous season. However, data on the export of rapeseed and its products require verification of official statistics - reports Latifundist. The quoted UkrAgroConsult oil market analyst Svitlana Kupreyeva calculates that over 3.58 million tons of seeds have already been exported during the ten months of the 2023/24 marketing year - 5% more compared to the previous year. Only in April it was 134.1 thousand. tone. 406.1 thousand were also sent abroad. tons of rapeseed oil and 351.9 thousand tons of rapeseed meal. Everything indicates that this is a record year for this sector of agricultural production and processing, and it will be similar in the new season. According to forecasts, more than 4 million tons of rapeseed will be harvested in Ukraine this year. Current reports ...

Source: Farmer.pl