Ukraine: During February of the current marketing year, rapeseed exports decreased by 82%

During February 2018, 5.7 thousand tons of rapeseed were exported from Ukraine to foreign markets, which is 82% less than export volumes of January.

Such information was provided by UkrAgroConsult.

During the period from July to February of the current MY, approximately 2.07 million tons were shipped from Ukraine. This is the highest rate in comparison with the three previous years.
In addition, this season was marked by an increase in trade with the EU. During this period, 1.7 million tons were exported to the EU markets, which is 94% higher than during the previous season. Then, 874.200 tons were exported to the EU.

In addition, Ukraine supplies rape to Pakistan again. Nine percent of the total export of this crop was exported to this country. Moreover, Ukraine starts exporting rape to the UAE, Malaysia and Indonesia. It should be noted that there is an increase in trade with such countries as Bangladesh and Israel.

It should be recalled that from the beginning of the current MY and until today, 4.3 million tons of oilseeds were exported from Ukraine, which exceeds the figure of the previous year by 1 million tons.

In February of the current marketing year, rapeseed export in Ukraine experienced a 8.2% decrease, indicating some challenges and changes in this agricultural sector. The decline in rapeseed export can be attributed to various factors, including fluctuations in global prices, market demand, and competition from other producing countries. This reduction may have an impact on farmers’ income and the overall economic situation of the country. It is important to analyze the reasons behind this decline and develop strategies to stimulate and support rapeseed export in the future. The Ukrainian rapeseed industry can take measures to enhance the competitiveness of its products, improve the quality and diversity of offerings, as well as explore new markets and partnerships with other countries.