Export Prices for Rapeseed in Ukraine Decrease Due to Falling Demand in the EU

In Ukraine, a decrease in export prices for rapeseed has been recorded following a sharp increase that lasted throughout the past month. The decline in rapeseed quotations on the Paris exchange has begun to negatively affect the domestic market. Specifically, after prices rose to 550 USD per ton, current prices for rapeseed delivered to Ukrainian ports are in the range of 530–540 USD per ton, or 24,500–25,500 UAH per ton. At the same time, the strengthening of the dollar against the hryvnia supports a high level of prices in hryvnia. This is reported by AgroReview.

Recently, oil prices have fallen by 12% over two weeks, leading to a decrease in demand for biofuels in European Union countries. This has intensified pressure on rapeseed prices in Europe. A significant reduction in rapeseed processing volumes in the EU in the second half of the 2024/25 season could lead to an accumulation of stocks from last year’s harvest, further pressuring new crop futures.

August rapeseed futures on the Paris exchange have decreased by 6.4% over two weeks to 462.75 euros per ton (546 USD per ton), and by 2.5% over the month. However, November rapeseed futures remain at a high level—481.75 euros per ton (a decrease of 3.6% over two weeks), and their premium relative to August futures has increased to 19 euros per ton.

Tags: Europe, rapeseed, futures, Ukraine, prices