Ukraine: In the 2023 season, experts expect an increase in the area under summer rapeseed

Published 2022년 12월 20일

Tridge summary

In the 2022/23 marketing year, Ukraine saw a 5.5% increase in rapeseed harvest, reaching 3.2 million tons. Despite challenges, trade activity allowed for the realization of over 96% of the market's export potential. The 'grain corridor' was instrumental in exporting nearly 2.9 million tons of rapeseed. Despite weather challenges and occupied land, winter rapeseed planting totaled about 1 million hectares, with an anticipated increase in summer rapeseed planting and a potential total crop of at least 3 million tons. However, the export of rapeseed oil and meal saw a significant decrease.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2022/23 MR, Ukraine harvested 3.2 million tons of rapeseed, which is 5.5% more compared to the previous year. Despite the initial expectations, trade activity in the first five months of the season made it possible to realize more than 96% of the export potential of the rapeseed market. This is reported by UkrAgroConsult. It is noted that the pace of export remains high until November, when the record for the reporting month was broken - more than 500,000 tons were shipped. The action of the "grain corridor" made it possible to export almost 2.9 million tons of rapeseed, the expert says. The export of rapeseed oil and rapeseed meal decreased significantly. Despite difficult weather conditions, low moisture reserves, as well as a reduction in the potential area due to the occupied and front-line part of Ukraine, winter rapeseed was planted on an area of about 1 million hectares. In addition, specialists of UkrAgroConsult expect an increase in the ...

Source: Superagronom