Ukraine exported record rapeseed volume in 2022/23 MY




According to operational data, the export of rapeseed from Ukraine was unusually high in December amounting to 213 thsd tonnes that, despite a 60% decrease compared to November, is the maximum for the reporting month since 2009.

In total, in the first half of 2022/23 MY, 3.06 mln tonnes of rapeseed were exported from Ukraine, which was 16% higher y/y and became not only the maximum for July-December, but also a record for full-season export.

APK-Inform noted that such volume had been achieved primarily due to the record production of rapeseed in Ukraine in 2022.

"Our estimate for the 2022 rapeseed crop was raised again in January to 3.44 mln tonnes (+1% to the December estimate; +9% to 2021). The forecast of exports in 2022/23 MY has been adjusted to 3.24 mln tonnes (+2%; +19%)", - the agency's oilseed market analyst Svitlana Kyrychok said.