The production of rapeseed in Ukraine in the season-2023 may reach the new historical maximum and amount to 4.2 mln tonnes, up 5% from the previous estimate and 17% from the previous year, APK-Inform news agency reported.
“The increase in the potential of oilseed harvest was made possible due to the expansion of the planted area under this winter crop to about 1.5 mln ha (+3% by 2022), which, in turn, was due to the attractive price situation on the rapeseed market last fall, amid the general decline in prices for agricultural crops in Ukraine and, in particular, for grains,” the agency said in a statement.
The analysts noted that weather conditions during the growing season and ripening had a positive impact on the rapeseed yield and estimated it at 28.8 centners per hectare, up 5% from the previous forecast and 3% higher than in the season-2022.
According to the updated forecast of APK-Inform, in 2023/24 MY the exports of rapeseed will amount to about 3.8 mln tonnes, up 4% from the previous forecast and 10% from the last year’s figures.
“The shipment of the oilseed in the current season remains complicated due to the suspension of the “grain corridor”, missile attacks on the Danube ports and a significant load on the western crossings, and is likely to be more extended in time compared to the traditional timing of oilseeds sales on foreign markets in previous seasons,” the analysts said.
Export of Ukrainian rapeseed remains banned to Poland, Romania, Bulgaria, Slovakia and Hungary, APK-Inform reminded and suggested that the ban will be extended after September 15.
