Rape prices in Ukraine rise thanks to exchange support, but increased canola imports from Canada threaten demand

The active growth of quotations for European rapeseed by 3.6% since the beginning of the week supports the export prices of rapeseed in Ukraine, although they were already at the highest levels compared to the spot purchase prices of European factories. Since the beginning of the week, export purchase prices for rapeseed in Ukraine have increased by UAH 100-200/t to UAH 23,200-23,400/t or $490-495/t with delivery to Black Sea ports. However, due to the lack of competition, prices do not react so strongly to the growth of quotations on the Paris stock exchange. In the market, in fact, only a few large exporters continue to buy canola, and the supply is sufficient to cover the needs for the coming month. It is worth noting that prices for rapeseed with delivery to factories in the Czech Republic and Germany remain at the level of around €470-480/t or approximately $520-535/t. Therefore, in this season, deliveries of Ukrainian rapeseed directly from farmers to European plants have ...