While Ukraine is already harvesting the new crop, rapeseed prices began to rise sharply, and this trend will continue, both in Ukraine and in the world.
According to preliminary forecasts, farmers expected a high yield of oil crops. But official data indicate that the average yield of rapeseed is still low – 1.3-1.5 t/ha. In future, yield indicators may improve, but there will not be a record harvest.
Ukrainian traders have to increase their purchase prices due to limited offers. At small river ports, indicative prices for the week increased from 330 EUR/T to 345 EUR/T. The supply of Ukrainian rapeseed is very low, and it will not change soon, because the harvest has just started. Therefore, it can be expected that prices will continue to increase and can reach 355-360 EUR/T on CPT basis.
Ukrainian factories announce purchase prices for rapeseed in a wide range, depending on the region – 12,300-13,200 UAH/T ( 305 – 328 EURO/T ) The lowest prices are currently in Odesa.
World prices for biodiesel are rising again, vegetable oils are becoming more expensive. So rapeseed will increase in price. But July and early August will be unfavorable for sales under the pressure of the harvesting period.