Rapeseed processing in Ukraine to remain high in the 2024/25 MY

According to the updated forecast of APK-Inform Agency, in 2024/25 MY Ukraine may process about 750-800 thsd tonnes of rapeseed, down 20-23% compared with 2023/24 MY. The decrease in processing compared to the previous season may be due to the lower harvest of the oilseed in 2024 in Ukraine and increased competition between the plants …

Odesa ports account for up to 80%of Ukrainian oilseed exports

Exports of Ukrainian oilseed products through Odesa ports currently account for about 75-80% of total shipments, while before the full-scale invasion this figure was about 90%, estimated Stepan Kapshuk, CEO of the Ukroliyaprom Association. “As soon as the ports of Odesa were opened, this percentage reached 75-80%, and before the war it was 90%,” Kapshuk …

Ukraine s grain and oilseed harvest forecast is 73 mln tonnes

According to a conservative forecast, the harvest of grains and oilseeds in Ukraine in 2024 is expected to reach 73 mln tonnes. This was announced during a meeting of the Intergovernmental Ukrainian-Latvian Commission on Economic, Industrial, Scientific and Technical Cooperation by Deputy Minister of Economy and Trade Representative of Ukraine Taras Kachka, Ukrinform reports. “The …

Palm rises on weaker Malaysian ringgit,demand hopes

Malaysian palm oil futures rose on Thursday due to weakness in the Malaysian ringgit and expectations of improved demand as the tropical oil started trading at a discount to rival soft oils. The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange closed up 24 ringgit, or 0.62%, at 3,892 …