Ukraine: Rapeseed market of 2024/25

Published May 14, 2024

Tridge summary

Ukraine's rapeseed production is projected to increase by over 26% in 2022-23, reaching 4.2 million metric tons, according to UkrAgroConsult. The firm anticipates further growth in the 2023-24 rapeseed harvest, estimating it to surpass 4 million metric tons. The surge in production is largely due to rising exports and domestic crush. However, the forecast could face adjustments due to potential adverse weather effects, including cold waves and night frosts in early May.

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

Original content

Officially published rapeseed production in the 2023 – 4.2 M mt (+26% compared to 2022). UkrAgroConsult worked out its own estimate of the 2023 rapeseed production based on the size and rates of rapeseed exports and domestic crush. Exports of rapeseed, rapeseed oil and meal continue to grow at a record pace, even in the last months of the season. Basing on the collected experience (especially, the 2023/24 rapeseed market mentioned above), UkrAgroConsult makes the following 2024 rapeseed harvest forecast – more than 4 M mt. Weather remains a key factor in the yields formation. The impact of the cold wave and night frosts on the soil in early May is yet to be assessed. The downward revision of the May rapeseed harvest numbers is possible. Full version of the article is available to subscribers of the Weekly ...

Source: UkrAgroConsult