ViOil doubled rapeseed oil production

The industrial group ViOil produced more than 33 thou. tons of rapeseed oil this season, which is 2.2 times more than the previous year.

Oil extraction plants of the group processed about 76 thou. tons of rapeseed.

“More than half of the total volume of unrefined rapeseed oil we exported to China. The rest was contracted by our partners from the European Union. This product is used in the EU for the production of biodiesel,” said Bogdan Koroviy, Head of Sales Department at ViOil Industrial Group.

Rapeseed meal is in high demand both in Ukraine and in the foreign market. Its main importers are the European Union and the Mediterranean countries.

“The advantages of rapeseed meal over other protein feeds are its relatively low cost and high protein content,” says Bogdan Koroviy.

In MY2018/19, ViOil is set to process 100 thou. tons of soybeans.

The new infographic guide Agribusiness of Ukraine 2017/18 is available by the link.