High logistics costs are holding back the rise in rapeseed prices in Ukraine

Global rapeseed prices continue to rise despite improved global production forecasts. Over the past week, November canola futures in Winnipeg gained 4.2% to CAD 828/t ($597/t), while rapeseed futures on MATIF in Paris rose 1.9% to €549/t ($636/t).

European prices are being supported by shipment delays caused by low water levels on EU rivers and disruptions to shipments from Ukraine’s Black Sea ports. This is boosting demand from European crushers, although sufficient inventories allow plants to buy physical rapeseed at €20–25/t below MATIF futures.

In Ukraine, the rally in the European market has so far had little impact on domestic prices. Crushers are offering UAH 20,000–21,500/t delivered to plants, as they have already secured enough raw material for the next 2–3 months, while exports of rapeseed oil and meal remain constrained.

Logistics are adding further pressure. Rail export capacity to the EU remains significantly limited, while road transport costs have increased by 20–40%. Exporters are keeping bids at UAH 21,000–21,500/t EXW at inland elevators, while prices at Ukraine’s western border have risen to UAH 21,500–22,500/t DAP.

Ukraine’s rapeseed harvest is nearly complete, with 3.76 mln tons collected from 99% of the planted area at an average yield of 2.85 t/ha. In 2026/27, Ukraine’s rapeseed exports are expected to reach no more than 1.8–2 mln tons, while domestic crushing could increase to 1.6–1.8 mln tons.

Tags: Ukraine, prices, rapeseed, logistics