Export of rapeseed oil in November 2017 amounted to 2.2k tons

In November 2017, Ukraine exported 2.2 thousand tons of rapeseed oil against 8.9 thousand tons last month and 10.8 thousand tons in November 2016.

UkrAgroConsult informs that since the beginning of MY 2017/18, 59 thousand tons of rapeseed oil was exported, which is almost 4% lower compared to the corresponding period of MY 2016/17 (61.4 thousand tons), which is related to a significant increase in export shipments of rapeseed (more than twice).

"The first months of the current season are characterized by shrinking of the sales markets of Ukrainian rapeseed oil. The number of importing countries dropped almost twice as compared to the previous year, while the bulk is still exported to European countries (86% of total exports). China increased the purchase of Ukrainian rapeseed oil by more than three times and occupied 13% of all exports. Malaysia doubled imports, and the market share attributable to this country has grown to 1%," the report says.

Earlier it was reported that from the beginning of MY 2017/18 Ukraine exported 1.9 million tons of rapeseed.