News

There are significant price fluctuations on the rapeseed market in Ukraine

Rape Leaves
Canola Seed & Rapeseed
Nuts & Seeds
Ukraine
Market & Price Trends
Published Apr 24, 2024

Tridge summary

The rapeseed market in Ukraine has been experiencing price volatility, with a recent sharp increase likely to stabilize. In April, Ukraine exported 119.9 thousand tons of rapeseed at low paces as as it sells the remaining of the old harvest. The conditional prices for rape were around 450 euros per ton in April, but increased by 8-9 euros per ton at the beginning of the current week. Traders have already sold 300,000 tons of oilseeds of the new harvest with delivery in July-August, with significant demand from Germany. Analysts predict a successful rapeseed season for Ukraine in 2024, with the potential for at least 3.5 million tons of rapeseed harvested and a gross collection of oil at the level of 4.1 million tons.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Ukraine, the rapeseed market has recently been very volatile. Therefore, the sharp increase in prices that occurred during the week is likely to be replaced by stabilization. This was discussed on April 23 during an analytical briefing of the PUSK cooperative, created within the framework of the VAR. "In April, Ukraine exported 119.9 thousand tons of rapeseed. Exports are taking place at a low pace, as the remnants of the old harvest are sold. In May-June, the volume of export deliveries will be minimal. The new crop is more liquid. In April, conditional prices for rape were around 450 euros per ton, but at the beginning of the current week, they sharply increased by 8-9 euros per ton. Such changes are a manifestation of the strong volatility of the market, probably the marks will not exceed 460 euros per ton and will stabilize in the future", - the analytical department of PUSK notes. According to traders' estimates, 300,000 tons of oilseeds of the new harvest with delivery in ...
Source: Agravery
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