Due to unfavorable pricing environment and decline of the interest from traditional large-scale buyers of rapeseed oil, in 2016/17 MY Ukraine has to change the geography of foreign supply of the reporting product.
So, during the first 5 months of the season (July-November) Ukraine mainly supplied the major volumes of rapeseed oil to Poland (18.2 thsd tonnes), following by Lithuania (14.2 thsd tonnes), the Netherlands (9.9 thsd tonnes), France (6 thsd tonnes), and Italy (5.3 thsd tonnes), which in 2015/16 MY was the main country-importer of Ukrainian rapeseed oil.
China took the seventh place only with the import volume of 2.5 thsd tonnes, as opposed to 31.24 thsd tonnes in the same period last season. Ukraine reduced rapeseed oil shipments to China, because the country decreased all general purchases of the product, due to large carry-over stocks of rapeseed and active sales of rapeseed oil from the state reserves.
According to APK-Inform figures, in July-November period of 2016/17 MY Ukraine exported 61.49 thsd tonnes of rapeseed oil, down 49% compared with the figures in the same period last season.
In the reporting period, the companies TH Majola, PE Vector-M, LLC Agrointer, LLC Bessarabia-Agro, LLC Gradoliya and Zapad-Agroinvest became the major Ukrainian exporters of the above-mentioned products. Their common share in the general shipments of Ukrainian rapeseed oil totaled nearly 75%.
