2022/23 MR for the rapeseed market is coming to an end
Rapeseed sowing for this season was carried out in peacetime – in the fall of 2021. Then harvesting and its selling took place in wartime. Farmers and traders had to overcome a huge number of typical problems – shelling, stopping the work of ports, disruption of logistics chains, lack of electricity supply, import ban in Eastern European countries, etc.
Despite all these problems Ukraine in 2022 managed to reach a maximum of 3.6 million tons of rapeseeds. The record sown area and high yield have compensated for the losses. The share of rapeseed exports in the harvest exceeded 94%.
Due to the above-mentioned reasons, Ukrainians had to reorient their exports to ground logistics. The position of EU countries has strengthened – up to 90% of all exports compared to 67% according to the results of 2021/22.
If the import ban is extended after June 5 of this year, Ukraine will face serious problems
Bulgaria, Moldova, Hungary, Romania, and Poland accounted for more than half of all Ukrainian rapeseed exports in 2022/23. Currently, we can watch the downward trend in the price of Ukrainian rape under the influence of European trade trends. Price is decreasing 5-10 usd/t every week and additional pressure of the new crop is coming. If all factors remain the same, an increase in rapeseed prices is unlikely. Due to low demand from the EU (high harvest and stocks, import ban), Ukraine needs to look for alternative sales markets.
Import/Export Statistics
Please click to reach our marketplace
The following reports may be of interest to you:
Related posts:
Canada Reduced Canola Processing in February 
Grain Corridor: Russia Delays the Passage of 175 Vessels 
Increasing Supply of Sunflower and Corn, Strengthening Wheat Prices: What Is Happening on the Markets This Week? 
Prices for Rapeseed in Ukraine Are Growing Due to Increased Demand in the Black Sea Ports 
Canola Canada: Dramatic Decline In Exports 
Sunflower prices get support from oil market 
In December Ukrainian Ports Increased Export Shipments of Sunflower Oil 
Ukraine expects a record season of rapeseed processing