Declining Export Demand Pushes Ukraine’s Rape Prices Lower  Border Blockade by Polish Farmers Deepens Supply Crisis

In the backdrop of dwindling export demand and a blockade at the Polish border, rapeseed prices in Ukraine witness a downward trend. Western regions of Ukraine experience a notable decrease in prices, while port prices also take a hit.

European canola quotes see a marginal rise amidst restrictions on Ukrainian supplies but face pressure from Canadian market dynamics.

May rapeseed futures on the Paris MATIF show slight improvement, albeit remaining at a low level, while March canola futures on the Winnipeg exchange fluctuate due to various factors including changes in soybean prices and harvest forecasts.

Forecasts of increased soybean acreage in the U.S. and rising soybean harvesting in South America further impact soybean and canola quotes globally.

A recent report by AAFC revises down canola export forecasts for the fiscal year 2023/24, intensifying competition among suppliers in the EU market.

Decreasing Canadian canola prices stimulate supplies to the EU, amplifying competition with Australian and Ukrainian rapeseed.

For improved website design , harvest information , statistics , please subscribe CMBroker

Related posts:

Cereal and Oilseed Balance Update for 2023/24: Insights From the European Commission’s January 2024 Report What Are the Reasons for the 3% Decrease in Palm Oil? Global Stocks Fall on Strong Palm Oil Exports FAO Vegetable Oil Price Index up After 7 Months Russia May Sell Record Vegetable Oil India to Increase Imports of Vegetable Oils by 60% Record Vegetable Oil Production in the World in 2022/23 MY – Forecast A Good Harvest Of Sunflowers Is Expected In Kazakhstan