EU imported almost 0.5 MMT of Ukrainian rapeseed in July

Ukraine exported 487.2 KMT of rapeseed in the first month of the new 2019/20 season that is a record high for this time, reports UkrAgroConsult.

The EU remains the top importer with a market share of 93%. Its purchases gained 70.2% from last year due to a decline in the European rapeseed crop (451.5 KMT against 265.2 KMT, respectively).

Growth in exports was observed to the following key markets: Belgium (+167%), France (+282%), Poland (+23%). A slowdown in exports was registered to Germany (-19%).

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Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators - the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.

‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.

More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegoils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.