Ukrainian rapeseed is no longer just an export raw material. The country is earning more and more money from the processing and export of finished oil and rapeseed meal.
According to the Ukrainian Association of Producers of Oil and Fat Products Ukroliyaprom, in 2023 rapeseed processing in Ukraine exceeded the limit of 1 million tons of seeds for the first time in history, which constitutes as much as 23.3 percent of last year’s total harvest – we read on the Latifundist website.
Rapeseed oil exports have also reached a record level in the current 2023/24 marketing year. Ukraine has so far sold 400,000 abroad. tons of rapeseed oil. The main export directions are China and European Union countries, followed by Malaysia, Singapore and other mainly Asian countries. The dynamic growth in exports also applies to rapeseed meal.
As reported by Latifundist, rapeseed processing in Ukraine has increased by 21% over the last two years. The agricultural portal also notes that despite the ban on exporting rapeseed to neighboring countries, the area of rapeseed is still growing. The Ukroliyaprom Association forecasts further growth in the processing of oil plants, such as sunflower, rapeseed and soybean. This trend was founded and supported by the country’s authorities, thanks to which the industry is developing rapidly.
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