Ukraine’s rapeseed market looking to the new season with optimism

Rapeseed is now becoming once again a topical subject for the oilseed sector of agriculture. Remarkably, this involves not only forecasts for the next season 2018/19, but also expectations about the results of the current marketing year.

Seemingly, the most active part of MY 2017/18 for the rapeseed market is already over and its final results can be stated with high probability, but the current season’s trends make us adjust the supply and demand balance for this oilseed.

The brisk pace of rapeseed exports seen in the first half of MY 2017/18 suggests that Ukraine will ship abroad up 1045 KMT from MY 2016/17. So, it is going to hit a four-year high, reports UkrAgroConsult.

At the moment, the prospects for the next season 2018/19 look quite optimistic in view of a large area seeded to winter rape (over 1 Ml ha) and the current meteorological situation. The rapeseed crop forecast for 2018 has been increased against last estimate, leading to gains both in exports and crushing.

Full version of the article is available to subscribers for weekly market report “Black Sea Vegoils” and “Online market review” by UkrAgroConsult.

Svetlana Kupreeva– oilseed and vegoil market analyst at "UkrAgroConsult"