Rapeseed export rates from Ukraine in July are the lowest in the last three years
Traders are already taking into account the 10% export duty when forming the purchase price in hryvnia. This sharply reduces competition and puts pressure on domestic prices. This is reported by Spike Brokers.
As brokers noted, the rate of rapeseed exports in July is the lowest in the last three years.
“The combination of a reduced harvest, duties and delays in the harvesting campaign is a complete set of negative factors that put pressure on the market,” the report says.
At the same time, prices in ports remain stable — $530-540/t CPT with delivery in August, depending on quality.
The latest indications from buyers were at the level of ~$530-540/t DAP Ukraine (Odesa).
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Sunflower oil prices continue to rise speculatively
Almost 9 mln tons of Ukrainian grain were exported
China purchases first US soybeans of the season
Afghanistan ready to import up to 1 mln tons of corn from Kazakhstan annually
Bulgaria: Rapeseed processing keeps expanding even as the harvest falls
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon