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ODESA: According to APK-Inform, in July-September 2021/22, Ukrainian manufacturers have processed 383.3 thousand tons of rapeseed. This is 58% higher than the same period last season.

The growth of processing has several reasons, the main of which are the increased demand and attractive prices for rapeseed oil in the world.

Actually, the prices for rapeseed oil on the Ukrainian export market this season as of early November reached a maximum of 1.400-1.450 USD/t FCA.

At the same time, the processing season for rapeseed is almost over. By November, Ukrainian manufacturers have processed about 89% of rapeseed from the forecast.

Rapeseed processing in the 2021/22 season, according to APK-Inform, could reach a record 431.5 thousand tons (+ 37% by 2020/21 MY).

For the moment, market participants reported a significant reduction in rapeseed stocks in Ukraine. As a result, both processors and trading companies reduced their demand for Ukrainian rapeseed due to the inability to form large-scale export batches.

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