Rapeseed Canada to Harvest Less Canola - Forecast

Prices for Rapeseed in Ukraine Are Growing Due to Increased Demand in the Black Sea Ports

Mintec Global
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ODESA: The activation of the Black Sea ports expectedly led to increased demand for rapeseed. Rapeseed is now the most profitable product for traders. They can get good profits from it, even putting risks in the price.

Unicaps Sunflower seeds

During last week the purchase prices for rapeseed with delivery to the port of Odessa increased by 500-700 UAH/t to 16500-16700 UAH/t or 465-470 $/t. While last year they amounted to 20000-20500 UAH/t or 670-680 $/t.

Processors offer 15,000-16,000 UAH/t for rapeseed with delivery to plants. However, processing volumes this year will be lower due to difficulties with the sale of meal.

Prices for rapeseed delivered DAP Poland, Romania and Bulgaria remain at the level of $550-600/t. But the supply volumes are gradually decreasing, as it is more interesting for sellers to sell rapeseed to ports, due to shortage of vehicles and significant queues at the western borders.

Now prices for canola and European rapeseed are 5-6% lower than last year, while purchase prices for rapeseed in Ukraine are 40-45% lower than last year. Therefore, they have room for growth, even as canola and European rapeseed prices continue to fall under pressure from increased supply from Canada in September.