The increase in rapeseed prices due to active exports from Ukraine

In 2024, Ukraine continues to be an important supplier of rapeseed on the world market, which directly affects the level of purchase prices. Active export of Ukrainian rapeseed plays a key role in maintaining high prices for this type of agricultural product.

According to the latest data, Ukraine shows significant volumes of rapeseed exports. This allows you to maintain high purchase prices, as the constant demand for Ukrainian products increases their value. In 2024, rapeseed exports from Ukraine continue to grow steadily, despite various economic and political challenges.

According to the State Statistics Service of Ukraine, the export of rapeseed by the end of June increased by 15% compared to the same period last year. This increase in exports is keeping prices high as global markets continue to need canola for oil and other products.

The main importers of Ukrainian rapeseed are the countries of the European Union, in particular Germany and France. These countries actively purchase Ukrainian products, which adds stability to the market and ensures support for high prices.

In addition, Ukrainian agrarians are expanding the area sown under rapeseed, which indicates a high interest in this crop. The expansion of the area allows to keep the volume of exports at a stable level, which, in turn, supports the prices on the market.

Experts note that the continuation of the active export of rapeseed from Ukraine can have a positive effect on the economic situation in the country. High prices for rape provide a stable income for farmers, which contributes to the development of the agricultural sector as a whole.