What is the price of rapeseeds (canola) per kilogram/pound in Mongolia today?
The retail price range for Mongolia rapeseeds (canola) is between US$ 2.50 and US$ 2.98 per kilogram or between US$ 1.13 and US$ 1.35 per pound(lb). Click here to see today's exact prices of rapeseeds (canola) in Mongolia
The retail price range in Tugrik for rapeseeds (canola) is between MNT 8,918.93 and MNT 10,634.11 per kilogram or between MNT 4,044.87 and MNT 4,822.72 per pound(lb) in Ulaanbaatar and Erdenet.
Wholesale prices
In 2024, the approximate wholesale price range for Mongolia rapeseeds (canola) is between US$ 1.75 and US$ 2.08 per kilogram or between US$ 0.79 and US$ 0.95 per pound(lb).
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Mongolia Rapeseeds (canola) Export Prices - Historical, Trends and Prediction
The export price of Rapeseeds (Canola) from Mongolia over the last five years has been quite varied. In 2017, the price was 0.39 US $ per kg, followed by a slight decrease to 0.39 US $ per kg in 2018. In 2019, the price dropped to 0.34 US $ per kg, before increasing to 0.36 US $ per kg in 2020. The price then rose again to 0.38 US $ per kg in 2021. Based on this trend, it is likely that the export price of Rapeseeds (Canola) from Mongolia will be around 0.40 US $ per kg in 2023 and 0.42 US $ per kg in 2024.The Mongolia rapeseeds (canola) exports are categorised as:
- Low erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content of < 2% and yielding a solid component of glucosinolates of < 30 micromoles/g" (HS code 120510)
- High erucic rape or colza seeds "yielding a fixed oil which has an erucic acid content of >= 2% and yielding a solid component of glucosinolates of >= 30 micromoles/g", whether or not broken (HS code 120590)
- Rape or colza seeds, whether or not broken (HS code 120500)
Mongolia Rapeseeds (canola) Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rapeseeds (Canola) into Mongolia has seen a steady increase over the last five years. In 2016, the price was 0.40 US$ per kg, followed by 0.39 US$ per kg in 2017 and 2018. In 2019, the price dropped to 0.34 US$ per kg, before increasing to 0.36 US$ per kg in 2020 and 0.38 US$ per kg in 2021. This indicates a slight upward trend in the import price of Rapeseeds (Canola) into Mongolia. Based on this trend, it is predicted that the import price per kilogram of Rapeseeds (Canola) into Mongolia will be 0.40 US$ per kg in 2023 and 0.42 US$ per kg in 2024.Export values for Mongolia rapeseeds (canola)
The total values in export for rapeseeds (canola) in Mongolia were US$ 16,347, US$ 5,778, US$ 8,918 and US$ 11,659 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Oil Seeds category in Mongolia: Linseed (Flax), Sunflower Seeds, Cotton Seeds, Castor (Ricinus) Seeds, Sesame Seeds, Mustard Seeds, Safflower, Melon Seeds, Poppy Seeds & Shea Nuts.
See prices of rapeseeds (canola) in other countries across Asia: Kazakhstan rapeseeds (canola), Kyrgyzstan rapeseeds (canola), Tajikistan rapeseeds (canola), Turkmenistan rapeseeds (canola), Uzbekistan rapeseeds (canola), China rapeseeds (canola), Hong Kong rapeseeds (canola), Macao rapeseeds (canola), North Korea rapeseeds (canola) & Mongolia rapeseeds (canola).
Mongolia rapeseeds (canola) - Production, Exports, Imports, Seasons and HS Codes
In 2019 Mongolia shipped 34,099 tonnes of rapeseeds (canola). In 2019 alone, the market for Mongolia rapeseeds (canola) (oil seeds category) has surged, with a change of 48.47 % compared to the year 2018. Between 2017 and 2019, rapeseeds (canola)'s exports increased by 132.27% earning the exporter US$11.66m for the year 2019. Mongolia's rapeseeds (canola) exports are categorised as:
- High erucic rape or colza seeds "yielding a fixed oil which has an erucic acid content of >= 2% and yielding a solid component of glucosinolates of >= 30 micromoles/g", whether or not broken (HS code 120590)
- Low erucic acid rape or colza seeds "yielding a fixed oil which has an erucic acid content of < 2% and yielding a solid component of glucosinolates of < 30 micromoles/g" (HS code 120510)
- Rape or colza seeds, whether or not broken (HS code 120500)
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Mongolia rapeseeds (canola) export values
In 2019, Mongolia supplied rapeseeds (canola) costing 11.66m USD, a surge of 30.75% from 2018's total rapeseeds (canola) export of 8.918m USD. The annual change in value of Mongolia rapeseeds (canola) between 2017 to 2018 was 54.344 per cent.
The annual variation in the amount of Mongolia's rapeseeds (canola) exports between 2017 and 2019 was 132.27 pc when compared to a variation of 48.47% in the growth rate between 2018 and 2019.
Export markets for Mongolia rapeseeds (canola) ( in '000$ )
Mongolia's top export markets for rapeseeds (canola) are China, Norway and South Korea.
Mongolia procured 213 tonnes of rapeseeds (canola) in 2019.
Production
The production of rapeseeds (canola) in Mongolia was 75,768 tonnes in 2019 and is estimated to change by an average of 5.58%. The country had approximately 24,102.00 hectares under rapeseeds (canola) cultivation.