Ukraine oilseed exports rise 48 pct so far in 2017/18

KIEV, (Reuters) – Ukraine has boosted its exports of oilseeds by 48 percent to 3.67 million tonnes so far this season thanks to bumper rapeseed sales, its state service for food safety said on Wednesday.

Rapeseed exports totalled 2 million tonnes so far in 2017/18 compared with 900,000 tonnes in the same period in 2016/17, the service said in a statement.

Ukraine also exported 1.6 million tonnes of soybeans, it said, adding that exports of sun seeds and other oilseeds were insignificant. At the same date in 2017, Ukraine had exported 1.5 million tonnes of soybeans.

The country harvested about 12 million tonnes of sunflower seeds, 3.8 million tonnes of soybeans and 2.2 million tonnes of rapeseed in 2017.

Last month, consultancy UkrAgroConsult forecast Ukraine would nearly double its rapeseed sales to 2.0 million tonnes in the 2017/18 season from 1.04 million tonnes in 2016/17. (Reporting by Pavel Polityuk; Editing by Edmund Blair)

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