The rapeseed market is experiencing a sharp drop in prices. This is related to the technical correction on the stock exchange. At the same time, high crop prices are expected in the long term.
The market is currently experiencing fluctuations. The market price of rapeseed was recently at the level of around 470€/t. However, the other day there was a sharp decrease in the prices of grain and oil crops, in particular, rapeseed lost 10-11 €/t. This also affected the Ukrainian market, causing a further decrease in prices. As of June 17th, the seaports offered a purchasing price of 435 €/t on CPT basis. On 18th June, the price already decreased to 425 €/t.
Analysts predict that the price on the stock exchange may fall further in the near future. The downward trend in prices is expected to last up to three weeks.
Fundamentally, nothing has changed – the volume of rapeseeds has not increased. The current price decrease is connected with the technical correction on the stock exchange. In the near future, stock exchange prices are expected to decrease to 440-450€/t, but in the long term the price should turn upwards. It can be expected that in October-November the prices will return to the level of at least 500€/t. For farmers who did not have time to fix the current prices, it may make sense to hold back sales until September-October, in order to then sell rapeseed at a better price.
We would like to remind you that in season 2024/25 competition between Ukrainian rapeseed processors and exporters will intensify. The reason will be the lack of rapeseed on the domestic market.
