Ukraine. July rape oil exports were five times below last year’s peak

Rape oil exports in July 2019/20 hit a second high for this month – 3 KMT, but they were more than five times below last year's peak. At the same time, production of this oil decreased just by 19%, reports UkrAgroConsult.

The market is now focused on exporting the raw material because a legislative regulation comes into force in January 2020 making only growers eligible to VAT refund on oilseed exports.

The EU continues to be the main importer with a market share of 97%. China also reduced imports considerably.

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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.

UkrAgroConsult