Vietnam boosted rapeseed meal purchases from Ukraine

Monthly rapeseed meal exports from Ukraine are at a near-minimum level since November 2017. Ukraine exported 1 KMT of rape meal in March 2018 against 0.5 KMT in February 2018 and 1.2 KMT in March 2017. A total 64.5 KMT was supplied to foreign markets in July-March 2017/18, i.e. 16% less than at the same time a year ago (54.1 KMT). The top importer of Ukrainian rape meal is the European Union, which absorbs 78% of total exports from Ukraine. The second largest importer is Israel (9%). Traders exported 95.219 KMT of rapeseed to an amount of USD 41.368 Ml and imported 232 MT of the commodity valued at USD 1.009 Ml. At the time, soybean exports totaled 1028.776 KMT to an amount of USD 388.473 Ml. The commodity’s imports were at 1.849 KMT to an amount of USD 1.779 Ml.