Factors affecting the price of rape in Ukraine in the current season are named

Published 2023년 6월 7일

Tridge summary

The rapeseed market is facing pressure due to the upcoming season, issues with the grain corridor, and the EU's potential ban on agricultural imports from Ukraine. This is of concern as European importers are the main buyers of Ukrainian rapeseed. The domestic market is also influenced by global producers, who are also major importers of Ukrainian rapeseed. The harvest forecast for 2023 in Europe, and the trend in Ukrainian trade with the EU in 2023/24, will also impact the domestic rapeseed market.

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Original content

The approach of the new season, the uncertainty in the operation of the grain corridor and the subsequent policy of the EU regarding the ban on the import of agricultural products from Ukraine are putting pressure on the rapeseed market and affecting the price of the crop. UkrAgroConsult writes about this. The key buyers of Ukrainian rapeseed are European importers, but the formation of the domestic market is also influenced by global competitors - rapeseed producers. All-European trends also have their influence: It is noted that the key producers of rapeseed in Europe — France, Germany, Poland and Romania — are also the largest importers of the crop from Ukraine in 2022/23 MY. Rape harvest forecast in 2023 in these countries: "In 2022/23 MR, there was a partial reorientation of rapeseed exports from Ukraine — a significant increase in shipments to Romania and Poland while exports to Germany, Belgium and France decreased. Such a situation did not lead to significant changes in ...

Source: Superagronom