Ukraine. Intrigue of new 2018/19 oilseed season

28.02.2018

UkrAgroConsult expects 2018/19 oilseed plantings to remain at last year’s level, but certain structural changes will happen in the distribution of planted areas between sunflower, soya and rape.

As before, the most popular oil crop is sunflower, and a slight increase is expected in its acreage. Soya plantings will shrink in favor of rape: winter rape has already entered dormancy on an area of more than 1 Ml ha.

Despite the crop upturn, Ukraine’s oilseed export potential will be a bit lower, though it will still remain at a high level.

According to UkrAgroConsult estimates, the 2018/19 supply and demand balance:

  • of sunseed favors crushers;
  • of rapeseed will please all market participants;
  • of soybean to be the tightest among all the oilseeds.

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

 

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