Rapeseed prices in Ukraine have risen somewhat, but demand for it remains low
Canola Seed & Rapeseed
Ukraine
Published Aug 11, 2022
Tridge summary
International traders are very slowly resuming purchasing activities in Ukraine, and so far almost the only crop they are interested in is rapeseed.
Original content
The dispatch of 12 ships that remained blocked in the Black Sea ports of Ukraine since the beginning of the war, and the loading of only one ship, indicates the slow pace of recovery of supplies, especially in view of the port terminals loaded with corn of the old harvest, which also need to be freed. Following the rise in the prices of oilseeds on world exchanges, the purchase prices for rapeseed in Ukraine rose from 13,000-13,500 hryvnias/t to 13,500-14,500 hryvnias/t at free-elevators. Some traders began to buy rapeseed with delivery to the port of Odesa and Chornomorsk at a price of UAH 15,000-15,500/t. Rape and canola quotes this week followed soybean prices, but may fall in the near future under the pressure of increased offers from Ukraine, the EU and Canada. November rapeseed futures on the Paris MATIF were up €7/t on Monday to €660.25/t or $674.3/t, returning to the previous week's level. November canola futures were up just CAD 5/t for the week to CAD 854.5/t or $663/t, ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.