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
Rumours emerge about possible Russian shipping restrictions in the Sea of Azov
Ukraine’s strikes on Russian vessels in the Sea of Azov lifted wheat prices ...
Spanish producers call for a halt to Brazilian beef imports
Egypt expands powers of agency responsible for wheat imports
Soybean crush in Brazil to reach a record level on growing biodiesel demand
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon