Rapeseed exports from Ukraine in October will not exceed 135-140 thousand tons, compared to 535 thousand tons last year (-73.8%). As of October 28, 125 thousand tons have already been exported, according to the analytical cooperative “Pusk,” created within the framework of the All-Ukrainian Agrarian Council (VAR).
“Exports are moving very slowly—everything is hampered by duties. It is they that have effectively stopped the normal work of exporters,” analysts noted.
At the same time, they noted that domestic processing volumes are growing.
“In September, we processed more than 100,000 tons of rapeseed, and in October, the figure will be no less. Against the backdrop of problems with sunflower, rapeseed is currently supporting the sector. Rapeseed prices in ports are quoted in the range of EUR 540-545/ton. At the same time, processors offer from UAH 25,000/ton and above,” analysts noted.
The European market is showing positive price dynamics.
“Over the past week, rapeseed exchange quotations have risen by EUR 10. January-February is traditionally expected to be the period of highest prices for this oilseed crop,” added Pusk.
