The rapeseed market has been the least affected by the hostilities, the largest export volume was seen in the first half of the 2021/22 season, when more than 98% of total exportable supplies were shipped abroad. The export share in the rapeseed crop exceeded 90%.
MY 2021/22 features relatively high rapeseed shipments in the war period, which became possible due to solving logistical problems, restoring and establishing new logistics chains amid available demand from EU countries.
Rapeseed export growth happened in April-June 2022, when the monthly export volumes exceeded the average in the previous three years: April – by 160%, May – by 274%, June – by 469%.
The key rapeseed importer – the EU – reduced its share to 67% (83% a year earlier) because of surged shipments to Pakistan (12% of total exports) and boosted purchases by Bangladesh.
As for 2022/23 season, the Ukrainian rapeseed market remains a hostage of the war:
The world production in 2021/22 MY decreased by 9%