rapeseed oilseeds field canola MATIF - Ukrainian Rapeseed Prices Are on the Verge of Collapse - Germany Reduces Rapeseed Harvest Forecast - Dry Weather in Canada Drives Speculation in Rapeseed Prices - Rapeseeds Export Season Can Become Record-Breaking for Ukraine - Analysts Increased the Estimate of Rapeseed Harvest in the EU

Ukrainian Rapeseed Prices Are on the Verge of Collapse

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Mintec Global
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Ukrainian farmers placed significant bets on rapeseed as a highly profitable agricultural crop in the conditions of 2023. Meanwhile, a number of external factors threaten the collapse of prices for oil crops. first of all, this is the decrease in the prices of oil and biodiesel. The situation is worsened by the restriction of Ukrainian exports of five crops to the EU, including rapeseed.

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Biodiesel prices have been falling for six months. This will contribute to the reduction of rapeseed prices. In addition, the EU is counting on a good harvest of oilseeds. It will reduce the European demand for Ukrainian rapeseed at the start of the harvesting campaign. In Ukraine, rapeseed harvest can also reach a significant level of 3.7 million tons.

According to analysts, the new crop of rapeseed is currently being contracted by forwarders in Germany at a price of 390-400 EUR per ton. Based on the high expected supply of rapeseed in July, the price may decrease by 40-50 euros per ton.

The expectation that the EU will extend the ban on the import of five crops from Ukraine, including rapeseed, worsens the situation. In this case, Poland disappears as a buyer of Ukrainian rapeseed. Odesa ports with a high probability will not be able to ship rapeseed in July. The entire offer will go to small ports. Therefore, we can expect a drop in prices in the July-August period.

Demand for Ukrainian rapeseed may recover in the fall when the EU will have already processed its own crop.

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The following reports may be of interest to you:

Sesame Seed Weekly Update
Ukraine's Rapeseed Market Hits Record Highs in Exports and Processing
 Ukrainian Agricultural Ministry and UZA Anticipate 10% Harvest Decrease in 2024/25 Season
The Ministry of Agriculture of Ukraine Predicts a 10% Decrease in the Harvest in 2024
Bright Prospects: Sunflower Farmers in Haryana Expand Cultivation


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