Ukraine continues to expect high rapeseed export volumes

Yesterday in November, rapeseed was able to end the penultimate trading day of this week with a price increase of 7.75 euros and a closing price of 468.25 euros/t. Since the beginning of August, the front month has gained 27.50 euros/t. The cash markets have recently also started to pick up again. Rapeseed meal is traded somewhat less extensively in this country. The prices tend to vary in the individual regions. While rapeseed meal in Hamm increased yesterday, things went slightly south in Rostock and on the Lower Rhine for prompt batches. The rapeseed market as a whole is being supported by rising vegetable oil prices. Until 13.8. 249,053 tons of rapeseed were imported into the EU, which is 429,000 tons less than at the same time last year. Because of the large forecast harvest, both the USDA and the EU Commission expect imports of rapeseed to be significantly lower than in the previous year. Sunflowers and soybeans have also been imported into the European Union on a smaller scale than at this point in the previous year. According to APK-Inform, the Ukraine was able to significantly increase its oilseed exports, in the past marketing year between 3.4 and 3.6 million tons of rapeseed were exported, of which around 3 milliontons have reached Europe. The analysis company is similarly optimistic for the current financial year.

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