ViOil facilities produced 40 thou. t of rapeseed oil in the new season
In the first two months of 2019/20, ViOil processing plants produced 40 thou. t of rapeseed oil thus ensuring the company more than a third of the market.
In 2018/19, the company is the leader of rapeseed oil production in Ukraine with 33 thou. t produced at Vinnytsya and Chernitsi oil and far plants.
By the estimates of the Ukroilprom Association, ViOil Group companies together accounted for more than 26% of this market segment. The European Union remains the primary buyer of rapeseed oil followed by China.
"ViOil is firmly established in these markets. Our products are in demand among customers and they have long appreciated its high quality. Demand for biodiesel in the EU is still high, so in 2019/20 we plan to increase the production of rapeseed oil. This autumn, as a result of drought during the sowing season, Ukrainian producers sowed less rapeseed than expected. But the warm weather improved the situation: the harvest in 2020 will be no less than 3 mln t," comments Igor Gadomsky, Commercial Director of the industrial group ViOil.
Previously reported that winter rapeseed sowing in Ukraine had been 101% completed by November 7th.
The new edition of the infographic guide Ukrainian Agribusiness 2018/19 is available for download.