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Ukraine: Areas under rapeseed can grow by 30-40%, according to forecasts

Площі під ріпаком можуть вирости на 30-40%, - прогноз
This news article has been translated to English.
Canola Seed & Rapeseed
Ukraine
Price Trend
Supply Yield / Stock Quantity
Seasonality
Sep 2, 2022
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Despite new difficulties with the cultivation and sale of rapeseed that appear every year, the demand for this crop among farmers and exporters is growing all the time.
This was reported by the press service of the Seed Association of Ukraine. Traditionally, rapeseed is one of the most marginal and export-oriented agricultural crops. During 2018-2021, the volume of Ukrainian rapeseed exports to the world agricultural market increased to 2.67 million tons, and the turnover reached 1.69 billion US dollars. For agribusiness, rapeseed is a profitable alternative to sunflower, and this crop is quite profitable for the price. One of the reasons for the growth in global demand for rapeseed is the instability of palm oil prices: the government of the world's largest palm oil exporter, Indonesia, regulates the market with prohibitive and permissive regulations, to which it reacts with violent speculative jumps in quotations. Manufacturers choose alternative options, for example, rapeseed oil, because it is widely used in the food industry, and its properties even compete with olive oil. Also, this oil can be a raw material for the production of biodiesel, ...
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