CIS countries to increase exports of rapeseed oil

This figure could rise up to 336,000 tonnes, which would be the highest rate in the last 5 years. It also will exceed the output of the previous season of 289,000 tonnes.

Experts mention the increase of gross yield of oilseed in the territory of a number of CIS countries as being the main reasons for such significant growth.

Also its role in promoting of rapeseed oil from CIS countries to foreign markets has played a role, as well as good geographical location of the region, along with the relatively low cost of production of the local manufactures, experts added.

Thus, according to the forecast, Russia during the 2012/13 season will retain its leadership position in export of rapeseed oil, slightly increasing the level of supply up to 230,000 tonnes against 226,000 tonnes a year earlier.

However, its share in total exports of rapeseed oil from CIS could be reduced by about 10%, mainly due to large increase of exports of such products from Belarus, where the canola crop yield this year reached a record high.

Not all major producers and exporters of rapeseed oil in CIS this year show positive results in output. According to experts in Ukraine, this year they will register a reduction in export, which is estimated at 11,000 tonnes compared to the 14,000 tonnes during the previous season. The main reason for this is the reduction of the gross yield of the canola crop in the country.