News
09.02.2017
Production of rapeseed oil declined by 45%
In 2016 Ukraine produced 81.6 thous. tons of rapeseed oil that is 45% less than similar indices of 2015. The main reason for this reduction is a lack of raw materials due to lower production of rapeseed as well as high competition for it with exporters. Thus, in 2016 1,152 thous. tons of rapeseed were gathered that is 33.7% less than the previous year, and 994 thous. tons of rapeseed were exported amounting to 86% of the production output.
In the current season renewal of production of this oil crop can be expected owing to increasing acreage to 899 thous. ha instead of 449 thous. ha in the previous season as well as favorable world market of vegetable oil.
