The Ukrainian rapeseed market is already experiencing a global trend of price increase. Analysts from the “PUSK” cooperative have come to this conclusion.

“We are witnessing a decrease in the pace of rapeseed exports. Ukraine needs to export 350-400 thousand tons monthly, but the actual exports are exceeding 220 thousand tons. For September, Ukrainian rapeseed has been contracted for forward delivery to Romania, Lithuania, and Germany solely through road and railway transportation. Forward contracts are not being concluded at small river ports; there, only the spot market operates. The rapeseed supply is low,” noted the analysts.

They also observed that Ukrainian processors are gradually raising their purchase prices to 14,000 hryvnias per ton, with certain regions already reaching 14,200 hryvnias per ton.

“Large shipments of 2-3 thousand tons of rapeseed are heading to the EU, which forces domestic processors to increase their prices,” explain the experts.

Furthermore, they predict that within the upcoming week, indicative prices at small river ports could rise to $380-390 per ton, and processor purchase prices could reach 14,400 hryvnias per ton.