Ukraine. First half of the rapeseed season left behind. Focus put on winter rape
UkrAgroConsult
Article author:
In the rapeseed market, the active period of the season is drawing to a close – export shipments traditionally decrease, but December rapeseed exports from Ukraine hit the highest since MY 2010/11, UkrAgroConsult reports.
As this season’s rapeseed crop dropped to 2.7 МMT, exports are still more than 20% behind last marketing year.
Rapeseed exports in the last two months have been relatively high for this time of season, causing stocks of the commodity to further deplete. So, rapeseed inventories as of December 1, 2020 were down 24% y-o-y.
The rapeseed crush decline adversely affected rape oil and meal exports. Their volumes slumped to three-year lows.
The 2021/22 outlook for Ukraine’s rapeseed market is still favorable. During the temperature drop in early January, the risk to winter rape was offset by snow cover in the fields.
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 3-day free trial!!
Start using analytical data and increase your efficiency now!
Register to get your demo access: http://agrisupp.com/en/register/1
Read also
Russian wheat exports will decrease by almost 20% this season
BLACK SEA OIL TRADE: Showcase Your Business Among the Key Market Makers!
European Commission approves quotas for Ukrainian agricultural products
Impact of problems in Argentina on the sunflower market
Indian Punjab authorities urge farmers to replace rice with corn
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon