Rapeseed oil production boosted 45% in August

In August of MY2018/19, the production of rapeseed oil stood at 63.8 thou. tons, which is 45.3% more compared to the previous month and twice as high as the produced volume in August of MY2017/18, UkrAgroConsult reports.

"The first two months of the new MY2018/19 demonstrate a sharp increase in rapeseed processing in Ukraine. Thus, in July-August of the current season, large and medium processing enterprises of Ukraine produced a record volume of rapeseed oil — about 108 thou. tons," analysts note.

According to experts, in MY2018/19 the production of rapeseed oil will improve to a new level.

By the experts' forecasts, the world production of rapeseed oil in October/September 2018/19 may hit a maximum point of 26.3 million tons in the last four years, which is also 0.5 million tons more than in the previous season. This is primarily due to the growth of production in China.