Moldavian rapeseed exports fell by 41.3%

In 2024, rapeseed exports from Moldova decreased, a consequence of both a decrease in agricultural production and changes in international demand. While in 2023 Moldova exported 297.9 thousand tons of rapeseed, in 2024 the volume dropped to 174.8 thousand tons, representing a 41.3% decrease, Agroexpert.md reported.

However, the indicator was higher than in 2022, showing an increase of 123.8%, when exports amounted to only 78.1 thousand tons, which indicates some long-term stability. Thus, in 2024, despite the decrease in rapeseed exports by 41.3% compared to 2023, Moldova maintains its position as a regional player in the agro-industrial complex markets, says expert Iurie Ria.

In November-December 2024, Romania remained the main market for rapeseed exported from the Republic, with a volume of 8,208 tons and an average price of 10.14 lei/kg, which is the highest among all destinations. In Romania, rapeseed grown in Moldova is mainly used for oil and biodiesel production. Bulgaria ranked second, importing 3,226 tons at an average price of 9.69 lei/kg.

The United Arab Emirates appeared for the first time among export destinations, with a volume of 1,499 tons and an average price of 9.74 lei/kg. This indicates the interest of the Middle Eastern market in purchases for processing and re-export of raw materials to other regions.

The UK purchased 1,286 tons of seed rape at an average price of 8.46 lei/kg, the lowest value of the four major trades.

Sunflower exports from the Republic, as previously reported, reached 334,000 tons, showing a serious increase from 221,000 tons last season and from 154,500 tons in the 2022/23 season.

Tags: rapeseed, Moldova