Exports of Ukrainian rapeseeds in the 2018/19 agricultural year would reach some 2.5 million tonnes, which is 19% more than a year ago, the United States Department of Agriculture (USDA) has said.
According to an annual report for oilseeds and food of the USDA, in 2016/17 agri-year Ukraine exported around 1 million tonnes of rapeseeds, which is 28% less than a year ago. Over 92% of it was exported to the European Union (EU).
According to the report, from July 2017 through January 2018, the trend has changed, and exports reached 2 million tonnes, which is almost 21% more year-over-year. The EU remained the key consumer and bought almost 1.7 million tonnes (92% of total exports). The EU would remain the main buyer of the new season.
According to the report, EXW prices of rapeseeds in 2018/19 agri-year exceeded FOB prices in the ports of the Black Sea.
