New season’s potential of the Russian rapeseed market higher than in 2016/17

07.09.2017

Russian rape plantings for the 2017 harvest were expanded to 1022 Th ha. This oilseed’s yields are good at the initial phase of harvesting (2.1 MT/ha as of September 1, 2017 against 1.39 MT/ha a year ago).

UkrAgroConsult expects Russia to harvest the largest rapeseed crop in three years.

The rapeseed crop increase expected in the new 2017/18 season will enable crushers to step up oilseed crushing and build up rape oil production.

The foreign trade will most likely feature the following trends:

- rapeseed exports will sink due to expanded domestic crushing;

- rapeseed meal exports will drop due to increased domestic consumption;

- owing to steady international demand for rapeseed oil along with low domestic use, rapeseed oil exports.

Full version of the article is available to subscribers for weekly market report “Black Sea Grain & Oil” and “Online market review” by UkrAgroConsult.

Further prospects of the oilseeds/vegoils market in the Black Sea region countries will be discussed at the V International Conference “Black Sea Oil Trade”, which will take place on September 19, 2017 in Hilton hotel, Kiev, Ukraine.

Annual International Conference “Black Sea Oil Trade” – is an effective platform, providing oilseed industry operators with vast networking opportunities, exclusive analytics of Ukrainian and Black Sea agri market, insights for development of the long term business strategies.

Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, agriholdings, investment companies, banks, legal, shipping, brokerage, insurance, surveyor companies etc.

Market operators from 25 countries have already registered to take part. 

Follow the updates, Agenda and Speakers at the conference website.

 

UkrAgroConsult

 

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