Mustard prices in Ukraine will slightly rise

Published 2021년 2월 20일

Tridge summary

The article explains the recent price increase or recovery of mustard in Ukraine, as analyzed by Svetlana Lytvyn of the Ukrainian Club of Agricultural Business. She attributes the previous drop in prices to market oversupply and intense global price competition, but a reduction in acreage has helped stabilize the market and drive prices up to pre-oversupply levels. Despite factors like world prices limiting further growth, prices are expected to stabilize and slightly increase in the near future. Lytvyn also highlights that mustard is primarily an export crop, with 90-95% of production exported in 2020, mainly to Germany, the Netherlands, Hungary, Romania, and Greece, which accounted for 82% of export earnings.

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Original content

The rise in prices for mustard, which was observed in late 2020 - early 2021, is more likely not an increase, but a recovery in the price of this agricultural crop. Svetlana Lytvyn, an analyst of the Ukrainian Club of Agricultural Business, expressed this opinion in a commentary for AgroPortal.ua. “If at the beginning of 2018 the demand price on CPT terms for yellow mustard was UAH 19 thousand per ton, and the belui was UAH 24 thousand, then the lowest price that fell at the end of 2019 was UAH 10.5 thousand and UAH 13 thousand. . UAH, respectively, "she recalls. The analyst says that the main factors behind this decline are oversupply in the market, combined with increased price competition in world markets. By adjusting the acreage, market players managed to optimize the supply on the Ukrainian market, which led to an increase / recovery of prices to the level of UAH 20.5 thousand for 1 ton of yellow mustard and UAH 20 thousand for 1 ton of white mustard, says Lytvyn. In the ...

Source: AgroPortal.ua