Ukraine: 2021/22 rapeseed season may get saved by yield

UkrAgroConsult

Article author:

Svetlana Kupreeva

Oilseed Market Analyst

Dry weather in the fall of 2020 caused a 19% reduction in the winter rapeseed planted area, to 1050 Th ha. Taking into account spring rapeseed, the total area for harvest is put at 1 Ml ha.

The current rapeseed crop condition suggests high yield, up to a record level, that will offset the planting shortfall and increase the crop by 2-3%, UkrAgroConsult reports.

No official statistics on rapeseed harvest is available as of today, but regional news about the start of harvesting and the first yield reports confirm the above-mentioned expectations.

The start of this year’s rapeseed harvest is shifting to later dates because of weather conditions (a cold, lengthy spring, later ripening, summer downpours). Consequently, these will cause a delay in the beginning of the season’s active phase.

The Ukrainian market is still aimed at exporting the raw material to EU countries, whose demand will be supported by a critical situation with canola crops in Canada.

Ukrainian rapeseed price varies at high levels, but its volatility pushes farmers to take a wait-and-see attitude that aggravates the situation with rapeseed supply.

Full version of the article is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!!

Start using analytical data and increase your efficiency now!

Register to get your demo access: http://agrisupp.com/en/register/1

UkrAgroConsult

Tags: Ukraine, rapeseed, crop 2021