The rapeseed market of Ukraine is already feeling the global trend towards rising prices. For the moment Ukrainian traders have a decrease in export rates for rapeseed. Ukraine needs to export 350-400 thousand tons per month. But exports do not exceed 220 thousand tons. For September, Ukrainian rapeseed is contracted by forwards with delivery to Romania, Lithuania, and Germany exclusively by road and rail. At small river ports, only the spot market operates. The supply of rapeseed is rather low.
Ukrainian processors are gradually increasing the level of purchase prices to UAH 14,000/t ( USD 378/t). In some regions prices already reach UAH 14,200/t ( USD 384/t ). Experts explain that large batches of 2-3 thousand tons of rapeseed are going to the EU. It forces domestic processors to raise prices.
Ukrainian experts predict that in the next week, the spot prices at small river ports may increase to $380-390 per ton, and the purchase prices of processors – up to 14,400 UAH/t.