Ukraine rapeseed oil exports hit a four-year low

Rapeseed oil production is persistently ahead of last season. The first nine months of the current marketing year 2017/18 saw a 23% year-on-year rise in production. So, large and medium crushers produced 81.2 KMT of rape oil in July-March 2017/18 against 65.8 KMT in the same period last season. Rape oil production declined dramatically in the following five months of the season, to at most 1 KMT a month. Rape oil production fell to 0.229 KMT in March 2018, down 71% from February 2018 and down 84% from March 2017 (1.417 KMT). Ukrainian rape oil exports decreased to 0.2 KMT in March 2018 versus 0.5 KMT in the previous month and 1.6 KMT in March 2017. A total 60.4 KMT of the commodity was supplied to foreign markets in July-March 2017/18 that is a four-year low and almost 11% less than in the same period last year (67.8 KMT).