In Ukraine, the price of rapeseed is increasing due to strong demand

Delayed harvest of rapeseed in Ukraine against the background of its rise in price in the EU supports the purchase price at a high level.

Through a high precipitation of may and June, the harvest of rapeseed in Ukraine is much slower than in previous years. As of July 15, the farmers have just started harvesting, then as of July 15, 2019 from 69.5% of the area was collected 2.07 million tonnes of rapeseed with a yield of 2.3 t/ha, and in 2018 it has been threshed 80% of the area, and the yield to 2.51 t/ha.

the Market is supported by data on the low yield and oil content of canola in the southern regions, while in Central and other regions, these indicators are better.

to strengthen supply traders have been forced to raise prices in the port to the level 415-418 $/t or 13300-13500 UAH/t

Quotes rape on Euronext for the week decreased from 385 €/t to 381,75 €/t, but thanks to the strengthening of the Euro, the dollar prices remained at the level of 435 $/t

the price of rapeseed oil in the Netherlands since the beginning of the week grew to 765-770 €/t FOB following the rise in price of palm oil exchange in Malaysia to 586 $/t

balance In the July USDA forecast world rapeseed production in comparison with the June report lowered with 70,79 to 69.8 million tonnes, which will still exceed 68.2 million tonnes of the season 2019/20. Canada's production estimate was lowered 0.9 million tons from 19 million tons through the powerful precipitation and low temperatures that slow plant development. For the EU and Ukraine forecasts the production left at the level of 16.8 million tons and 4 million tons respectively, while expectations of analysts mchawi a few below.

import Forecast of rapeseed in the EU in the new season silisili at 6 million tons compared to 5.9 million tons, while according to the European Commission, imports of rapeseed in 2019/20 MG exceeded 6 million tons.

the Forecast for canola exports from Canada also left at 8.9 million tons compared to 9.5 million tonnes the previous season.