In 2017, Ukraine exported 786 thousand tons of rape
According to the latest estimates by the USDA, in season 2017/18, world exports of rapeseed will be reduced to 15.69 million tonnes against 16,03 million tonnes in 2016/17 MG.
Experts Oil World estimate of potential export 14.61 million tonnes. the Main reason for the decline in forecasts was the reduction in the supply of turnip from Canada period of 11.16 million tonnes to 9.53 million tonnes, and Australia with 3.6 million tonnes to 2.5 million tonnes.
Against the background of gradual growth of the consumption of rape, world stocks, estimated by USDA at the end of the 2017/18 season will be reduced to 4.78 million tons versus 5.04 million tonnes the previous season.
Under similar conditions we can expect in the coming months, the active export of rapeseed from Ukraine, especially since a good harvest increases the export potential of the oilseed. The gross yield of rapeseed in 2017 amounted to 2.3 million tonnes, which will allow the export of 1.85-1.95 million tons of seeds.
Active foreign demand and a high premium will complicate the procurement of rapeseed domestic processors because the sellers will give preference to the exporters.
During January-August this year Ukraine exported 786,39 thousand tons of rapeseed in the amount of 318,54 $ million, - according to the DFS. In August, the export of rapeseed was 516,77 thousand tons.
The main buyers of domestic rape in 2017 Pakistan steel (acquired 179,66 thousand tons of seeds per 70,75 $ million), Belgium (149,33 THD. MT in the amount of 60,49 million $) and Germany (114,34 THD. MT in the amount of 55,86 $ million).
The largest importers of Ukrainian rapeseed in 2016 were France (of 84.65 $ million), Poland (73,08 $ million) and Germany (65,87 $million).
Recall that compared to 2015, 2016 Ukraine reduced exports of rape by 30.7% 1,435 million tonnes to thousand tonnes 993,97