10.4 KMT of rapeseed oil was shipped to foreign markets in October against 15.4 KMT in September and 16.4 KMT in October 2015. In total 41.7 KMT was supplied to foreign market in the first four months of 2016/2017 (July-October), down by 63.2 KMT (60%) YoY (104.9 KMT).
The rapeseed oil export trends are similar to foreign trade statistics for other rapeseed product – rapeseed meal. In addition, the reduction of rapeseed oil stocks available for export directly stems from the 2016/2017 decline in rapeseed harvest and crushing.
A change is observed in the top importers of Ukrainian rapeseed oil in the current season. Poland and Lithuania became the biggest consumers of this product with respective export shares at 40% (16.7 KMT) and 34% (14 KMT).
On the contrary, China and Italy reduced rapeseed oil purchases from Ukraine to 6% (2.4 KMT) and below 1% respectively. France, in view of this year’s rapeseed crop failure, is forced to attract new rapeseed oil exporters, and Ukraine found itself among them. Remarkably, the October delivery of this product (6 KMT, 14% of total exports) made the country a major importer. (UkrAgroConsult/Business World Magazine)
