In 2017 – 2018г. global export of rapeseed remains at high level

05 Jun, 2017
In 2017 – 2018г. global export of rapeseed remains at high level
According to preliminary estimates of Oil World in 2017 – 2018 global export of rapeseed/ canola will be very close to the record- high of 2015 – 2016. The expected decline of the export from Canada and Australia will be compensated by this from Ukraine.

The index mainly depends on the export from Canada where we now have unfavourable conditions for the crops development and the forecast for a volume of even  20.4 mln. tonnes may be decreased in the following months.

Rapeseed cropn in Ukraine will be 2 mln. tonnes which will allow the country to increase its export of rapessed in 2017 – 2018 by 0.6 mln. tonnes.

The biggest iporter of rapeseed in the world in  2017 – 2018 will  be China where the trend for decrease of the area with this culture started in  2013 will be kept. The import of rapeseed in China will reach 4 – 4.5 mln. tonnes.