Almost 94% of Ukrainian rapeseed is exported to the EU
In the season 2016/17 MG domestic rapeseed was exported to 13 countries, among which the largest volume of purchases have:
Bangladesh is 2.7%, the
- the EU – for 93.9%
- Israel is 2.4%.
In August 2016, Ukraine has implemented 172.8 thousand tons of oil, whereas in July it was exported only 61 thousand tons. However, it is much smaller in 514,2 thousand tons that were exported in August last year.
For two months the 2016/17 season, my Ukraine exported 233,8 thousand tons of rapeseed, which is 61.3% less than it was sold to the world markets over the same period of the previous season when they managed to implement 603,9 thousand tons.
the Export potential of Ukrainian rapeseed in the season 2016/17 MG is estimated at 880 thousand tons, from which in July-August already implemented 26,6%.
Given the steady demand for rapeseed from EU countries as well as poor harvest of olives in the region, it is expected that here will be directed the main flows of oilseeds in the season 2016/17 MG.
currently, EU prices for rapeseed remained stable at 378 Euro/ton, or 422 $/t, while in Ukraine they are in the range of $12300 or 410-412 UAH/t with delivery to the port.