Ukraine: At the start of the 2023/24 season, rapeseed harvest is optimistic

Rape Leaves

Canola Seed & Rapeseed

Ukraine

Published Aug 30, 2023

Tridge summary

This season is expected to have a record harvest of rapeseed, with a current forecast of 4.2 million tons. The export potential of the market and its processed products is also at its highest. Logistics have been reoriented towards Danube ports and land routes, with a focus on road and rail logistics for rapeseed.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

A record harvest of rapeseed is expected this season. The record sown area and yield play in favor of the new crop, which can also reach the maximum mark in the final statistics. The current forecast for the rapeseed crop is 4.2 million tons. The export potential of the market and products of its processing also renews its maximum. The key to achieving such results is not only a large harvest and the launch of new processing facilities, but also the solution of logistics issues. In July, export statistics show a fairly active start to the season. Logistics is reoriented towards Danube ports and land routes across the western borders. According to market participants, the September contracts are focused on road and rail logistics of rapeseed. If the EU countries remain the key sales markets for rapeseed and rapeseed meal, China is quite successfully competing in the rapeseed oil market. Geographical structure of exports: rapeseed – the share of EU countries decreased in favor of ...

Source: Oilworld