Ukraine: new 2018/19 season will see plenty of rapeseed for everyone

26.06.2018

Harvesting of winter rapeseed started in Ukraine this past week. The rapid build-up of warmth in the spring accelerated growing processes in plants and caused early ripening of rapeseed.

As a result, farmers took to the fields almost ten days earlier than last year and harvested 62 KMT of rapeseed from 36.5 Th ha by June 22, i.e. from 4% of its projected harvest area of 982.6 Th ha (official data).

Favorable winter weather conditions reduced this year’s winter rape losses to 6% – this was the smallest percentage since 2000.

UkrAgroConsult expects rapeseed yield to decrease compared to last year, but it will nevertheless be above the five-year average. Combined with the expansion of plantings, this will make possible harvesting rather good crop.

Taking into account the expected crop increase in the new 2018/19 season, the supply & demand balance as a whole does not look tight. In the future, it will allow not only to export a ten-year record volume of rapeseed, but also to increase the processing inside the country, UkrAgroConsult’s analysts note.

Full version of the article is available to subscribers for “Black Sea Vegoils” by UkrAgroConsult.

More detailed information on the latest trends in oilseeds/vegoils/meals exports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region is available to subscribers for weekly market report "Online market review" by UkrAgroConsult.

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the VI International Conference “Black Sea Oil Trade”, which will take place on September 20, 2018 in Hilton hotel, Kiev, Ukraine. In 2017 International Conference «Black Sea Oil Trade» attracted 250 delegates from 25 countries and 150 companies.

 

UkrAgroConsult

 

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