In 2016 rapeseed harvest in Ukraine will reach 1.2 million tons, sunflower seed – nearly 12 million tons. Also, the European Union countries expect for good harvest of oilseeds. Since the reporting vegetable oils are interchangeable, Ukraine will not face any high prices for rapeseed by-products, the Supervisory Board member at PJSC Nizhyn Fat Processing Plant Oleg Voloshchuk said.
According to him, there isn’t any active demand from the companies producing biodiesel. And the food industry will replace refined deodorized rapeseed oil with sunflower oil, if the price level is lower. As of late July, the prices for rapeseed in the region varied within the range of 10`400-10`600 UAH/t, and there was a stable upwards trend. To date, the bid prices for rapeseed oil on the Polish border totals $745/t, and rapeseed cake – $190/t. The profitability is very low in terms of such prices. (APK-Inform/Business World Magazine)