Norway becoming the top importer of Russian rapeseed oil in the new season
Rapeseed oil exports from Russia in July 2020/21 hit a record high for this period – 50.3 KMT (+31% y-o-y), UkrAgroConsult reports.
Shipments to major destination markets changed as follows: Norway (+216%), China (-8%), EU countries (-38%).
Export potential in MY 2021/22 will increase because of a forecast rapeseed crop increase, stable demand from key importers, and the current tariff on rapeseed exports.
Growth in exports was registered to the following markets: Lithuania (+215%), Kazakhstan (+84%), Ukraine (+19%).
A slowdown in exports as observed to the Netherlands, Israel and Latvia.
More detailed information on the latest trends in oilseeds/vegoils and meals exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!
Start using analytical data and increase your efficiency now!
Register to get your demo access: http://agrisupp.com/en/register/1
Read also
Corn prices in Ukraine could fall by $50–70 per ton due to port blockade
China’s soybean meal prices rise more than 6% in July
Soybean prices in Ukraine fall following rapeseed and sunseed prices
Iran to boost flour exports to Iraq through purchases of Russian and Kazakh wheat
South Korea expands mandatory GM labelling to edible oils and fats
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon