Ukrainian producers are selling rapeseed in waves to get a better price; demand still exceeds the supply

Published Aug 4, 2024

Tridge summary

Ukrainian farmers are actively selling rapeseed on the market due to its high demand and limited supply, especially with Canada, a major supplier, not entering the market until September. However, the director of AgroVista, Pavlo Fesyuk, cautions that Ukraine is not a dominant supplier on the global market and that the rapeseed cannot be stored for more than two months. The AGROTRADE Group's director, Andriy But, explains that Ukrainian farmers are selling in waves to secure the best prices as the demand for rapeseed currently exceeds the supply.

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Original content

There are farmers on the market who keep selling rapeseed, but this should be done with caution, taking into account the fact that Ukraine is not a key supplier on the world market, according to the director of AgroVista, Pavlo Fesyuk. UkrAgroConsult writes about this. According to him, the main players, in particular, Canada, will enter the market already in September. By that time, the market will be saturated. It should also be taken into account that with floor storage, rapeseed cannot be kept in storage for more than 2 months. Director of the Department of Foreign Economic Activities of the AGROTRADE Group, Andriy But, says that for now Ukrainian farmers are selling rapeseed in waves in order to get a better price. "This year, we have grown and have already almost harvested quite a large amount of winter rapeseed of good quality. On the other hand, things are not going well with him in Europe at the moment, so they are counting on Ukraine. The Canadian rapeseed crop has not ...

Source: Agravery