Ukrainian rapeseed market in 2019/20 MY: high start

Source

APK-Inform

4760

In terms of declining of rapeseed production in the world in recent years, and the stable high level of the global consumption, it would be hard to overestimate the significance of the market segment in Ukraine. So, in 2019 the country managed to harvest the record volumes of rapeseed, and become the second largest producer in Europe after France, as well as entered the global TOP-5 of producers. On the global market of the oilseed, Ukraine is the extraordinary player, because in 2019/20 MY the country will continue increasing the exports and minimizing the deficit of supply on the market. The share of Ukraine in the global exports of rapeseed will increase to 18%, against 6.5% in 2016/17 MY. At the same time, some changes in the taxation conditions of rapeseed exports since January 1, 2020, will have its consequences in the following year — in 2020/21 MY.

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